14. Subsequent Events

On October 26, 2026, the Company entered into a Commercial Loan Agreement and Note (collectively, the “Loan Agreement”) with a commercial lender in the amount of $5,505,000. The Loan Agreement has a maturity of 22 months. There are no repayments for the first 8 months.

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Beginning on June 26, 2027, the Loan Agreement will be amortized in 14 equal monthly installments of principal at 110% of the pro rata amount, plus accrued interest. Interest on the Loan Agreement accrues at a rate of 8% per annum, and the Loan Agreement includes an original issue discount of ten percent. The Loan Agreement allows pre-payment at any time at the Company’s election. If the Company elects to pre-pay, the pre-payment would include a 10% charge. The Loan Agreement contains customary default provisions, including for potential acceleration.

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Between October 1, 2026 and November 10, 2026, the Company satisfied approximately $1.7 million of debt obligations and $0.1 million of outstanding interest through issuance of 13.5 million shares of common stock to certain lender, and the Company settled $0.3 million share payable.

Between October 1, 2026 and November 10, 2026, the Company converted $5.0 million convertible notes into 36.3 million shares of common stock.