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See also “Liquidity and Capital Resources” above.
−Removed: Rising threats of international tariffs may have an adverse impact on our business.
+Added: Continued threats of international tariffs may have an adverse impact on our business.
We rely on suppliers for purchasing the raw materials used in the manufacture and production of our goods.
−Removed: In fiscal year 2025 and the six months ending December 31, 2025, approximately 20% and 16%, respectively, of our materials were sourced from foreign suppliers, including 13% and 10% in fiscal year 2025 and the six months ended December 31, 2025, respectively, from China.
+Added: In fiscal year 2025 and the nine months ending March 31, 2026, approximately 20% and 12%, respectively, of our materials were sourced from foreign suppliers, including 13% and 10% in fiscal year 2025 and the nine months ended March 31, 2025, respectively, from China.
The Trump Administration has imposed steep tariffs on the import of goods from several countries from which we purchase raw materials and finished goods.
This increase in tariffs could adversely affect our business and our results of operations.
−Removed: The imposition of additional tariffs fluctuates dramatically, creating uncertainty in global markets.
−Removed: These tariffs apply directly to a small portion of our materials.
−Removed: As a result, we may be forced to implement price increases to adjust to the higher costs of production and sale of our products in the future, which carries the risk of reduced demand for such products, thus lowering sales and resulting revenue.
−Removed: Additionally, future tariffs or any additional costs or restrictions imposed on imported materials that lead to an increase in our prices may result in a loss of customers and harm our business.
+Added: On February 20, 2026, the US Supreme Court ruled that major tariffs imposed by the Trump Administration were unlawful.
+Added: The Company is evaluating applying for refunds through the Customers and Border Protection portal.
+Added: However, if future tariffs or any additional costs or restrictions are imposed on imported materials that may lead to an increase in our prices which could harm our business.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: The Company had no unregistered sales of equity securities during the six months ended December 31, 2025.
+Added: The Company had no unregistered sales of equity securities during the nine months ended March 31, 2026.
DEFAULTS UPON SENIOR SECURITIES
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.