18. Subsequent Events

The Company has evaluated all subsequent events and transactions through November 13, 2026 the date that the condensed consolidated financial statements were issued and noted no subsequent events requiring financial statement recognition or disclosure other than the following:

On October 16, 2026, the Company entered into a loan agreement with Alset Inc. (“Alset”), a related party and significant stockholder of the Company, providing for a $250,000 unsecured loan. The loan bears interest at 1.0% per annum, calculated on an actual/365-day basis, and matures 90 days after the funding date. Principal and accrued interest are payable at maturity, and the Company may prepay the loan at any time without penalty. The interest rate increases to 3.0% per annum on overdue principal amounts. The loan is non-convertible, does not include warrants or other equity-linked instruments, and the proceeds are intended for general working capital and corporate purposes. The transaction was approved by the Company’s Audit Committee in accordance with its related party transaction policy.