NOTE 14 – SUBSEQUENT EVENTS

The Company has evaluated events and transactions subsequent to December 31, 2025, through the date these consolidated financial statements were included on this Annual Report on Form 10-K and filed with the SEC. Other than the below, there are no subsequent events identified that would require disclosure in these consolidated financial statements.

Share Increases

On January 28, 2026, at a Special Meeting of Stockholders of the Company (the “Special Meeting”), the Company’s stockholders approved the Second Plan Amendment to the 2023 Plan, as amended, increasing the number of shares of Common Stock authorized for issuance under the 2023 Plan, as amended, by 11,985,779 shares to 14,000,000 shares. The Second Plan Amendment became effective following its approval by the Company’s stockholders.

Additionally, on January 28, 2026, the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to the Charter with the Secretary of State of the State of Delaware to increase the number of the Company’s authorized shares of Common Stock from 100,000,000 shares to 500,000,000 shares. The Certificate of Amendment was approved by the Company’s stockholders at the Special Meeting and became effective upon filing.

Post-Effective Amendment

On January 26, 2026, the Company filed the Amendment to the Registration Statement to deregister any and all securities of the Company registered but unsold or otherwise unissued under the Registration Statement as of the date thereof. As a result of such Amendment, any and all offerings of the Company’s securities pursuant to the Registration Statement were terminated and the Company terminated the effectiveness of the Registration Statement.

Exercise of the Pre-funded Warrants

From January 1, 2026, through March 24, 2026, a total of 1,850,000 December 2025 Pre-Funded Warrants were exercised by holders thereof, and the Company issued an aggregate of 1,848,886 shares of Common Stock upon such exercises.