+Added: Reverse Stock Split and Conversion of Series B
+Added: Convertible Preferred Stock
+Added: On June 29, 2026, the Company filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary
+Added: of State of the State of Delaware, effecting a one-for-one hundred (1-for-100) reverse stock split of its issued and outstanding shares
+Added: of Common Stock, with any resulting fractional share rounded up to the nearest whole share for each holder of record.
+Added: Following announcement
+Added: by the Financial Industry Regulatory Authority on its Daily List on July 9, 2026, the reverse stock split became effective, and the Company’s
+Added: Common Stock began trading on a post-split basis at the open of business on July 10, 2026.
+Added: Because the reverse stock split became effective
+Added: after June 30, 2026 but before these consolidated financial statements were issued, all share and per-share amounts in these consolidated
+Added: financial statements and the accompanying notes have been retroactively adjusted to reflect the reverse stock split for all periods presented,
+Added: in accordance with ASC 260-10-55-12 and SEC Staff Accounting Bulletin Topic 4C.
+Added: On July 13, 2026, the Board of Directors, acting by
+Added: unanimous written consent, approved the conversion of all 2,371,844 outstanding shares of Series B Convertible Preferred Stock into 118,592,200
+Added: shares of Common Stock at a rate of fifty (50) shares of Common Stock for each share of Series B Convertible Preferred Stock.
+Added: the conversion, no shares of Series B Convertible Preferred Stock remain issued or outstanding.
+Added: The shares of Common Stock issued upon conversion
+Added: were issued to eight holders in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933,
+Added: as amended, and are restricted securities.
+Added: The conversion occurred after the end of the period covered by this Quarterly Report and is
+Added: described in Note 16 (Subsequent Events) to the unaudited condensed consolidated financial statements included in Part I, Item 1 of this
+Added: Quarterly Report.
+Added: These matters are also reported in the Company’s Current Report on Form 8-K filed with the SEC on August 17, 2026.
+Added: Rule 10b5-1 Trading Arrangements
+Added: During the three months ended June 30, 2026, no director
+Added: or officer of the Company adopted or terminated any “Rule 10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading
+Added: arrangement,” as those terms are defined in Item 408(a) of Regulation S-K.
Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
11 unchanged sentences
thereunto duly authorized.
−Removed: March 15, 2026
−Removed: Mitchell Eaglstein
+Added: August 17, 2026
Eaglstein, President and CEO
Executive Officer)
−Removed: March 15, 2026
−Removed: Accounting Officer)
+Added: August 17, 2026
+Added: (Principal Financial and Accounting Officer)
Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
10 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.