What changed in this filing

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Item 1A. Risk Factors

2026-08-07 compared with 2026-05-15 · 15 added, 34 removed, 10 unchanged (83% of the section changed)

6 unchanged sentences

Please also see “Special Note Regarding Forward-Looking Statements” above.

are currently not in compliance with the Exchange continued listing requirements.

If we are unable to regain compliance with the Exchange’s

listing requirements, our securities could be delisted, which could affect our common stock market price and liquidity and reduce our

ability to raise capital.

are not currently in compliance with the NYSE American’s stockholders’ equity rule because our stockholders’ equity

is less than the required minimum of $6.0 million.

Pursuant to the letter from the NYSE American informing us of this non-compliance,

we submitted a Plan to the Exchange illustrating how we can regain compliance by June 11, 2026.

The NYSE American accepted our plan,

but, if we are unable to regain compliance by June 11, 2026, our common stock may be delisted from the NYSE American.

As of March 31,

2026, our stockholders’ equity was approximately $2.1 million.

We must increase our stockholders’ equity to be at least $6.0

million to regain compliance with this rule.

If we are not able to raise sufficient capital, we may be unable to regain compliance with

the NYSE American’s listing standards.

We intend to take all reasonable measures available to regain compliance under the NYSE

American listing rules and remain listed on the NYSE American.

cannot assure you that we will be able to regain compliance with the NYSE American listing standards.

Our failure to continue to meet

these requirements would result in our common stock being delisted from the NYSE American.

We and holders of our securities could be

materially adversely impacted if our securities are delisted from the NYSE American.

In particular:

may be unable to raise equity capital on acceptable terms or at all;

price of our common stock will likely decrease as a result of the loss of market efficiencies associated with the Exchange and the

loss of federal preemption of state securities laws;

may be unable to sell or purchase our securities when they wish to do so;

may become subject to stockholder litigation;

may lose the interest of institutional investors in our common stock;

may lose media and analyst coverage;

common stock could be considered a “penny stock,” which would likely limit the level of trading activity in the secondary

market for our common stock;

would likely lose any active trading market for our common stock, as it may only be traded on one of the over-the-counter markets,

In addition to the risk factors previously disclosed in our Annual Report

on Form 10-K for the year ended December 31, 2025, stockholders should carefully consider the following updates to our risk factors:

We have issued a significant number of shares

and warrants, which may result in substantial dilution to existing stockholders.

During the six months ended June 30, 2026, we completed multiple equity

transactions, including a rights offering, inducement transactions, and registered direct offerings, which raised aggregate gross proceeds

of approximately $10.4 million.

These transactions resulted in the issuance of a substantial number of shares of common stock, preferred

stock, and warrants.

As of June 30, 2026, we had approximately 48.5 million warrants outstanding with various exercise prices.

outstanding warrants are exercised, existing stockholders would experience significant dilution.

Additionally, the exercise of these warrants

or the sale of shares issuable upon exercise could depress the market price of our common stock.

We may need to raise additional capital

in the future, which could result in further dilution to stockholders.

Unregistered Sales of Equity Securities and Use of Proceeds

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1A. Risk Factors