Note 9 – Subsequent Events

Exercise of Series L 10% Convertible Preferred Stock Greenshoe Rights

On July 28, 2025, a Purchaser of the Company’s Series L 10% Convertible Preferred Stock (the “Preferred Stock”) elected to exercise their Greenshoe Rights and purchased 222.22 shares of the Company’s Preferred Stock with a stated value of $222,222 for a purchase price of $200,000. As a result of the transaction the conversion price of the Preferred Stock was decreased from $2.043 to $1.7766. The conversion price adjustment constitutes a dilutive issuance and as a result, the exercise price of the Common Warrants and Vesting Warrants issued in the Series L 10% Convertible Preferred Stock transaction have been decreased, and the number of warrant shares have been increased, such that the aggregate exercise price of the warrants, after taking into account the decrease in the exercise price, shall be equal to the aggregate exercise price prior to such adjustment.

Conversion of Series L 10% Convertible Preferred Stock

From July 1, 2025 through August 10, 2025 the holders of the Company’s Series L Convertible Preferred Stock have converted 543,273 shares of Series L Convertible Preferred Stock into 284,507 shares of common stock.