0001467761 2025-01-01 2025-12-31 0001467761 fiee:DavidLazarMember 2025-01-01 2025-12-31 0001467761 fiee:LiWaiChungMember 2025-01-01 2025-12-31 0001467761 fiee:JeremyHitchcockMember 2024-01-01 2024-12-31 0001467761 fiee:DavidLazarMember 2024-01-01 2024-12-31 0001467761 2024-01-01 2024-12-31 0001467761 fiee:MehulPatelMember 2023-01-01 2023-12-31 0001467761 fiee:JeremyHitchcockMember 2023-01-01 2023-12-31 0001467761 2023-01-01 2023-12-31 0001467761 2024-08-04 2024-12-31 0001467761 fiee:DavidLazarMember 2024-02-21 2024-08-03 0001467761 2024-01-01 2024-02-20 0001467761 fiee:JeremyHitchcockMember 2024-02-21 2024-08-03 0001467761 2023-01-01 2023-04-07 0001467761 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001467761 2025-02-27 2025-12-31 0001467761 2025-01-01 2025-02-26 0001467761 2023-04-08 2023-12-31 iso4217:USD FiEE, Inc. true <div class="BRDSX_h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;">Timing of Equity Awards </div><div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">Our Board and Compensation Committee do not take material nonpublic information into account when determining the timing and terms of equity grants. We do not have a policy or practice to time stock options based on the release of material nonpublic information. During fiscal year 2025, the Company did not grant equity awards to its named executive officers during the four business days prior to or the one business day following the filing of its periodic reports or the filing or furnishing of a Form 8-K that discloses material nonpublic information. </div> Our Board and Compensation Committee do not take material nonpublic information into account when determining the timing and terms of equity grants. We do not have a policy or practice to time stock options based on the release of material nonpublic information. false false During fiscal year 2025, the Company did not grant equity awards to its named executive officers during the four business days prior to or the one business day following the filing of its periodic reports or the filing or furnishing of a Form 8-K that discloses material nonpublic information. <div class="BRDSX_h1" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 6.75pt; text-align: center;">PAY VERSUS PERFORMANCE </div><div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">The following disclosure sets forth information regarding pay versus performance for each of our principal executive officer (“PEO”) and our non-PEO named executive officers (“non-PEO NEOs”) for each of our fiscal years ended December 31, 2025, 2024 and 2023 in accordance with the SEC’s disclosure requirements. </div><table cellpadding="0" class="BRDSX_fintab" style="width: 468pt; margin-left: auto; margin-right: auto; border-spacing: 0px;"><tr class="BRDSX_boxspacer"><td style="height: 6pt; width: 36pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 49.32pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 49.32pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 49.32pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 49.32pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 49.32pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 49.32pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 42.07pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="height: 6pt; width: 53.33pt;"><div style="font-size: 1pt;"> </div></td></tr><tr class="BRDSX_header"><td style="width: 36pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;">Year</div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Summary <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Table <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Total for <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">First <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO⁽¹⁾</div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Actually <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Paid to First <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO⁽²⁾</div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Summary <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Table <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Total for <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Second <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO⁽¹⁾</div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Actually <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Paid to <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Second <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">PEO⁽²⁾</div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Summary <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Table <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Total for <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Non-PEO <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">NEOs</div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Average <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Compensation <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Actually <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Paid to <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Non-PEO <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">NEOs⁽³⁾</div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Value of <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Initial <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Fixed $100 <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Investment <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Based on <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Total <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Shareholder <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Return⁽⁴⁾</div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; border-bottom: none;"><div style="font-size: 1pt;"> </div></td><td style="width: 53.33pt; padding-bottom: 2.38pt; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">Net Income/ <br/></div><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;">(Loss) </div></td></tr><tr><td style="width: 36pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2025</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 27.5pt;">0</span></div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 27.5pt;">0</span></div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$206,542</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$206,542</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 5pt;">82,187</span></div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 5pt;">82,187</span></div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.28pt; text-align: left;">$67.58</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 53.33pt; padding-top: 2.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 8.33pt;">1,072,434 </span></div></td></tr><tr><td style="width: 36pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: left; vertical-align: bottom;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2024</div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 5pt;">37,500</span></div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 5pt;">37,500</span></div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$402,250</div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$402,250</div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 27.5pt;">0</span></div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 27.5pt;">0</span></div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.28pt; text-align: left;">$<span style="padding-left: 5pt;">4.63</span></div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt;"><div style="font-size: 1pt;"> </div></td><td style="width: 53.33pt; padding-top: 1.01pt; padding-bottom: 1.38pt; text-align: center; vertical-align: bottom; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$<span style="padding-left: 5pt;">(4,224,278) </span></div></td></tr><tr><td style="width: 36pt; padding-top: 1.01pt; text-align: left; vertical-align: bottom; background-color: #CCEEFF;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">2023</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$346,393</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$346,393</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 27.5pt;">0</span></div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$<span style="padding-left: 27.5pt;">0</span></div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$145,131</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 49.32pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.91pt; text-align: left;">$145,131</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 42.07pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 7.28pt; text-align: left;">$41.47</div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="width: 53.33pt; padding-top: 1.01pt; text-align: center; vertical-align: bottom; background-color: #CCEEFF; white-space: nowrap;"><div class="BRDSX_fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;">$(17,633,924)</div></td></tr><tr class="BRDSX_boxspacer"><td style="height: 2.75pt; width: 36pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 49.32pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 49.32pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 49.32pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 49.32pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 49.32pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 49.32pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 42.07pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 2.54pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td><td style="height: 2.75pt; width: 53.33pt; background-color: #CCEEFF;"><div style="font-size: 1pt;"> </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The dollar amounts reported are the amounts of total compensation reported in the “Total” column of the Summary Compensation Table (the “SCT”) for David Lazar (former Chief Executive Officer) for 2025, Jeremy Hitchcock (former Chief Executive Officer) for 2024 and Mehul Patel (former Chief Executive Officer) for 2023. Because the Company did not grant equity-based compensation to Jeremy Hitchcock or Mehul Patel or maintain defined benefit pension plans during the periods presented, the SCT Total for Jeremy Hitchcock and Mehul Patel was not subject to any such adjustments. Further, the equity award granted to David Lazar was fully-vested as of the date of grant, resulting in the fair value of the equity award as of the date of vesting, calculated pursuant to ASC 718, being equal to $402,250, the value of the equity award reported in the SCT. Accordingly, the Compensation Actually Paid for each PEO is the same as the total compensation reported in the SCT for each applicable year. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(2)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The dollar amounts reported are the amounts of total compensation reported in the “Total” column of the SCT for Li Wai Chung for 2025, David Lazar for 2024 and Jeremy Hitchcock for 2023. Because the Company did not grant equity-based compensation to Li Wai Chung or Jeremy Hitchcock or maintain defined benefit pension plans during the periods presented, the SCT Total for Li Wai Chung and Jeremy Hitchcock was not subject to any such adjustments. Further, the equity award granted to David Lazar was fully-vested as of the date of grant, resulting in the fair value of the equity award as of the date of vesting, calculated pursuant to ASC 718, being equal to $402,250, the value of the equity award reported in the SCT. Accordingly, the Compensation Actually Paid for each PEO is the same as the total compensation reported in the SCT for each applicable year. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(3)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">Because the Company did not grant equity-based compensation to non-PEO NEOs or maintain defined benefit pension plans during the periods presented, the SCT Total was not subject to any such adjustments. Accordingly, the Average Compensation Actually Paid to non-PEO NEOs is the same as the average total compensation reported in the SCT for each applicable year. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(4)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">Cumulative Total Shareholder Return is calculated based on a fixed $100 investment in the Company’s common stock on December 30, 2022, which was the market close on the last trading day before the earliest fiscal year in the table, through the end of the applicable fiscal year. </div></td></tr></table> 0 0 206542 206542 82187 82187 67.58 1072434 37500 37500 402250 402250 0 0 4.63 -4224278 346393 346393 0 0 145131 145131 41.47 -17633924 <table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The dollar amounts reported are the amounts of total compensation reported in the “Total” column of the Summary Compensation Table (the “SCT”) for David Lazar (former Chief Executive Officer) for 2025, Jeremy Hitchcock (former Chief Executive Officer) for 2024 and Mehul Patel (former Chief Executive Officer) for 2023. Because the Company did not grant equity-based compensation to Jeremy Hitchcock or Mehul Patel or maintain defined benefit pension plans during the periods presented, the SCT Total for Jeremy Hitchcock and Mehul Patel was not subject to any such adjustments. Further, the equity award granted to David Lazar was fully-vested as of the date of grant, resulting in the fair value of the equity award as of the date of vesting, calculated pursuant to ASC 718, being equal to $402,250, the value of the equity award reported in the SCT. Accordingly, the Compensation Actually Paid for each PEO is the same as the total compensation reported in the SCT for each applicable year. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(2)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The dollar amounts reported are the amounts of total compensation reported in the “Total” column of the SCT for Li Wai Chung for 2025, David Lazar for 2024 and Jeremy Hitchcock for 2023. Because the Company did not grant equity-based compensation to Li Wai Chung or Jeremy Hitchcock or maintain defined benefit pension plans during the periods presented, the SCT Total for Li Wai Chung and Jeremy Hitchcock was not subject to any such adjustments. Further, the equity award granted to David Lazar was fully-vested as of the date of grant, resulting in the fair value of the equity award as of the date of vesting, calculated pursuant to ASC 718, being equal to $402,250, the value of the equity award reported in the SCT. Accordingly, the Compensation Actually Paid for each PEO is the same as the total compensation reported in the SCT for each applicable year. </div></td></tr></table> <table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(1)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The dollar amounts reported are the amounts of total compensation reported in the “Total” column of the Summary Compensation Table (the “SCT”) for David Lazar (former Chief Executive Officer) for 2025, Jeremy Hitchcock (former Chief Executive Officer) for 2024 and Mehul Patel (former Chief Executive Officer) for 2023. Because the Company did not grant equity-based compensation to Jeremy Hitchcock or Mehul Patel or maintain defined benefit pension plans during the periods presented, the SCT Total for Jeremy Hitchcock and Mehul Patel was not subject to any such adjustments. Further, the equity award granted to David Lazar was fully-vested as of the date of grant, resulting in the fair value of the equity award as of the date of vesting, calculated pursuant to ASC 718, being equal to $402,250, the value of the equity award reported in the SCT. Accordingly, the Compensation Actually Paid for each PEO is the same as the total compensation reported in the SCT for each applicable year. </div></td></tr></table><table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(2)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">The dollar amounts reported are the amounts of total compensation reported in the “Total” column of the SCT for Li Wai Chung for 2025, David Lazar for 2024 and Jeremy Hitchcock for 2023. Because the Company did not grant equity-based compensation to Li Wai Chung or Jeremy Hitchcock or maintain defined benefit pension plans during the periods presented, the SCT Total for Li Wai Chung and Jeremy Hitchcock was not subject to any such adjustments. Further, the equity award granted to David Lazar was fully-vested as of the date of grant, resulting in the fair value of the equity award as of the date of vesting, calculated pursuant to ASC 718, being equal to $402,250, the value of the equity award reported in the SCT. Accordingly, the Compensation Actually Paid for each PEO is the same as the total compensation reported in the SCT for each applicable year. </div></td></tr></table> David Lazar David Lazar Jeremy Hitchcock Jeremy Hitchcock Mehul Patel 402250 Li Wai Chung David Lazar Jeremy Hitchcock 402250 <table border="0" cellpadding="0" style="margin-top: 3pt; margin-left: 0pt; border-spacing: 0px;"><tr><td style="width: 20pt; text-align: left; vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;">(3)<br/></div></td><td style="vertical-align: top;"><div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: justify;">Because the Company did not grant equity-based compensation to non-PEO NEOs or maintain defined benefit pension plans during the periods presented, the SCT Total was not subject to any such adjustments. Accordingly, the Average Compensation Actually Paid to non-PEO NEOs is the same as the average total compensation reported in the SCT for each applicable year. </div></td></tr></table> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">During the fiscal years ended December 31, 2025, 2024 and 2023, the Company did not utilize any financial performance measures to link executive compensation actually paid to the Company’s performance. Accordingly, the compensation actually paid to our named executive officers as reflected in the table above consists primarily of base salary and standard benefits. While the Company’s Net Income and Total Shareholder Return fluctuated during these periods as shown in the table, these fluctuations did not result in adjustments to executive compensation. </div> <div class="BRDSX_para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: justify;">During the fiscal years ended December 31, 2025, 2024 and 2023, the Company did not utilize any financial performance measures to link executive compensation actually paid to the Company’s performance. Accordingly, the compensation actually paid to our named executive officers as reflected in the table above consists primarily of base salary and standard benefits. While the Company’s Net Income and Total Shareholder Return fluctuated during these periods as shown in the table, these fluctuations did not result in adjustments to executive compensation. </div> DEF 14A 0001467761 false