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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2025
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 19. SUBSEQUENT EVENTS  

 

The Company has evaluated subsequent events from the balance sheet date and has identified the following events requiring disclosure:

 

(a) Common Stock Issuances to the Board for compensation 

 

In January 2026, the Company issued 50,000 shares of Common Stock valued at approximately $40,000 to members of its Board pursuant to the Company’s equity incentive plan (see Note 12), in settlement of director compensation for the fourth quarter of fiscal 2025 and the first quarter of fiscal 2026.

 

(b) First Draw Under ELOC

 

On February 25, 2026, the Company submitted a put notice to Hudson Global pursuant to the ELOC. Pursuant to that notice, Hudson Global purchased 180,000 shares of Common Stock at a price of $0.52 per share, for aggregate gross proceeds to the Company of $94,130. The shares were issued pursuant to the Form S-3 registration statement (File No. 333-291563) and the prospectus supplement dated December 11, 2025. The Company intends to use the proceeds for working capital and general corporate purposes.