What changed in this filing

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Item 1A. Risk Factors

2026-03-11 compared with 2025-03-28 · 40 added, 8 removed, 450 unchanged (10% of the section changed)

77 unchanged sentences

may not have adequate funds to implement our business plan .

we have received capital from our parent company to meet our working capital and financing needs in the past, and have successfully

completed our IPO, additional financing may be required in order to meet our current and projected cash requirements for operations.

We cannot be assured that we will secure all or any of the funding we anticipate.

If our entire original capital is fully expended

and additional costs cannot be funded from borrowings or capital from other sources, then our financial condition, results of

operations and business performance would be materially adversely affected.

We cannot assure you that we will have adequate capital

or financing to conduct our business or to grow.

we have received capital from our parent company to meet our working capital and financing needs in the past, and have successfully completed

our IPO, additional financing may be required in order to meet our current and projected cash requirements for operations.

be assured that we will secure all or any of the funding we anticipate.

If our entire original capital is fully expended and additional

costs cannot be funded from borrowings or capital from other sources, then our financial condition, results of operations and business

performance would be materially adversely affected.

We cannot assure you that we will have adequate capital or financing to conduct our

business or to grow.

ability to resell and/or license our products will depend upon successful clinical trials.

370 unchanged sentences

results of operations may be materially and adversely affected.

we fail to comply with the continued listing standards of the NYSE American LLC Exchange, it may result in a delisting of our common

stock from the exchange.

common stock is currently listed for trading on the NYSE American LLC Exchange (“NYSE American”), and the continued listing

of our common stock on the NYSE American is subject to our compliance with a number of listing standards.

our common stock were no longer listed on the NYSE American, investors might only be able to trade our shares on the OTC Bulletin Board

® or in the Pink Sheets ® (a quotation medium operated by Pink Sheets LLC).

This would impair the liquidity of our common stock

not only in the number of shares that could be bought and sold at a given price, which might be depressed by the relative illiquidity,

but also through delays in the timing of transactions and reduction in media coverage.

we are delisted from the NYSE American, your ability to sell your shares of our common stock may be limited by the penny stock restrictions,

which could further limit the marketability of your shares.

our common stock is delisted from the NYSE American, it could come within the definition of a “penny stock” as defined in

the Exchange Act and could be covered by Rule 15g-9 of the Exchange Act.

That rule imposes additional sales practice requirements on

broker-dealers who sell securities to persons other than established customers and accredited investors.

For transactions covered by

Rule 15g-9, the broker-dealer must make a special suitability determination for the purchaser and receive the purchaser’s written

agreement to the transaction prior to the sale.

Consequently, Rule 15g-9, if it were to become applicable, would affect the ability or

willingness of broker-dealers to sell our securities, and accordingly would affect the ability of stockholders to sell their securities

in the public market.

These additional procedures could also limit our ability to raise additional capital in the future.

our common stock is not listed on a national securities exchange, compliance with applicable state securities laws may be required for

certain offers, transfers and sales of the shares of our common stock.

our common stock is listed on the NYSE American, we are not required to register or qualify in any state the offer, transfer or sale

of the common stock.

If our common stock is delisted from the NYSE American and is not eligible to be listed on another national securities

exchange, sales of stock pursuant to the exercise of warrants and transfers of the shares of our common stock sold by us in private placements

holders may not be exempt from state securities laws.

In such event, it will be the responsibility of us in the case of warrant

exercises or the holder of privately placed shares to register or qualify the shares for any offer, transfer or sale in the United States

or to determine that any such offer, transfer or sale is exempt under applicable state securities laws.

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-K

Item 1A. Risk Factors