What changed in this filing

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Item 1A. Risk Factors

2026-05-14 compared with 2026-02-17 · 28 added, 10 removed, 11 unchanged (78% of the section changed)

1 unchanged sentence

to provide the information required by this item.

However, the Company is including the following risk factor to update the disclosures

However, the Company is including the following risk factors to update the disclosures

previously provided in its Annual Report on Form 10-K for the fiscal year ended June 30, 2025:

1 unchanged sentence

to continue as a going concern, and if we are unable to obtain additional financing, we may be unable to continue our operations.

For the six months ended December 31, 2025, we

incurred a net loss of $10.4 million and, as of that date, we had a net current liability of $15.8 million.

These conditions may cast

significant doubt about our ability to continue as a going concern.

Our ability to continue as a going concern is dependent upon our ability

to generate sufficient cash flow from operations and to raise additional capital through equity or debt financings.

While management is

currently executing a cost optimization plan and is in discussions with several financial institutions to secure additional credit facilities,

there is no assurance that these plans will be successful or that additional financing will be available on favorable terms, or at all.

For the nine months ended March 31, 2026, we incurred

a net loss of $15.4 million and $5.5 million net cash used in operating activities and, as of that date, we had a net current liability

of $20.9 million and accumulated deficits of $7.0 million.

These conditions may cast significant doubt about our ability to continue as

a going concern.

Our ability to continue as a going concern is dependent upon our ability to generate sufficient cash flow from operations

and to raise additional capital through equity or debt financings.

While management is currently executing a cost optimization plan and

is in discussions with several financial institutions to secure additional credit facilities, there is no assurance that these plans will

be successful or that additional financing will be available on favorable terms, or at all.

If we are unable to raise sufficient working capital,

4 unchanged sentences

as a going concern, investors may lose the entire value of their investment in our securities.

Geopolitical conflicts involving the United

States, Israel, Iran and other parties in the Middle East could adversely affect our business, financial condition and results of operations.

Ongoing armed conflicts and heightened geopolitical

tensions involving the United States, Israel, Iran and other parties in the Middle East have created significant uncertainty in global

economic, political and financial markets.

The continuation or escalation of these conflicts, including potential disruptions to international

shipping routes, energy supplies and global trade, could adversely affect global economic conditions and increase market volatility.

These events have contributed, and may continue

to contribute, to fluctuations in commodity prices, fuel and transportation costs, inflation, interest rates, foreign exchange rates and

capital markets conditions.

In addition, the conflicts could result in cyberattacks, sanctions, export controls, supply chain disruptions,

disruptions in the availability or pricing of inventory and raw materials, or other adverse effects on global commerce.

Although we currently do not maintain operations

in the Middle East, the indirect effects of geopolitical instability, military conflict and related economic uncertainty could adversely

affect our business operations, financial condition, results of operations and ability to access capital markets.

The extent, duration

and ultimate impact of these conflicts remain uncertain and cannot be predicted.

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