Note 16 – Subsequent Events

On October 9, 2026, the Company completed a public offering and received gross proceeds of approximately $6.0 million. The offering consisted of (A) 525,455 common units (the “Common Units”), each consisting of (i) one share of the Company’s common stock, and (ii) two series D warrants (the “Series D Warrants”), each exercisable for one share of common stock; and (B) 20,000 pre-funded units (the “Pre-Funded Units”), each consisting of (i) one pre-funded warrant (the “Pre-Funded Warrants”) to purchase one share of common stock and (ii) two Series D Warrants. The purchase price of each Common Unit was $11.00, and the purchase price of each Pre-Funded Unit was $10.9998. The Pre-Funded Warrants have an exercise price of $0.0002 were exercised in full upon the closing of the Offering. The Series D Warrants are exercisable immediately and expire five years after the initial issuance date. The exercise price and number of shares issuable under the Series D Warrants are subject to adjustment as described in more detail in the final prospectus filed in connection with the offering.

On October 9, 2026, the Company received notice of a claim filed with the American Arbitration Association by the attorneys of Mr. Andrew Telsey, the Company’s former legal counsel, asserting that the Company owes Mr. Telsey unpaid compensation under an agreement for legal services dated January 1, 2023 and an unsigned consulting agreement dated November 1, 2024. The Company believes this claim is without merit and intends to defend its position vigorously.

On October 26, 2026, the Company completed a 1-for-20 reverse split of its common stock.

On November 2, 2026, the Company's Series B Warrants were adjusted to 11,233,359 warrants with an exercise price of $2.7674 per share as a result of the reverse split of the Company's common stock completed on October 26, 2026.