−Removed: Unregistered Sales of Equity Securities
−Removed: and Use of Proceeds
−Removed: Shares of Common Stock Issued Pursuant to E.F.
−Removed: Hutton Agreement.
−Removed: On February 2, 2026, the Company approved that
−Removed: certain Financial Advisory Agreement (the “ Advisory Agreement ”), previously executed on December 1, 2025, with E.F.
−Removed: LLC (the “ Advisor ”), pursuant to which the Company agreed to issue an aggregate of 4,558,044 shares of its
−Removed: common stock as consideration for advisory services provided by the Advisor.
−Removed: Because the Advisory Agreement was not approved by the Company
−Removed: until February 2, 2026, no obligation with respect thereto was recognized prior to such date.
−Removed: Pursuant to the Advisory Agreement, the
−Removed: Company has issued a total of 2,515,194 shares of the Company’s common stock to the Advisor as of the date of this filing
−Removed: (b) Not applicable.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: On May 11, 2026, the Company issued 251,520 shares of common stock (as adjusted for the reverse stock split) to its financial advisor pursuant to an advisory agreement approved by the board of directors on February 2, 2026.
+Added: The shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.
+Added: As of June 30, 2026, an additional 204,284 shares remained committed but unissued under that agreement.
+Added: There were no other unregistered sales of equity securities during the period, and there were no issuer purchases of equity securities.
Defaults Upon Senior Securities
+Added: The holder of the Company’s senior secured convertible note agreed to forbear from exercising remedies through June 30, 2026.
+Added: The forbearance period expired on June 30, 2026, and the Company is in discussions with the holder regarding an extension or restructuring.
+Added: Notes payable with an aggregate principal amount of $5,000,000 matured on July 1, 2026 following an extension and remained outstanding as of the date of this report.
+Added: See Note 6 and Note 12 to the condensed consolidated financial statements.
+Added: That forbearance followed a notice of default delivered by the holder under the financing documents, and the forbearance agreement was entered into on April 30, 2026.
Mine Safety Disclosures
1 unchanged sentence
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.