Red Flags Detected

• ⚠ Material Weakness (worsened) — Material weaknesses now specifically identified as IT/QuickBooks controls and Purchase-to-Pay controls, providing more detail on scope than prior year's generic disclosure.
• ⚠ Goodwill Impairment (new) — Company recorded $8.4M goodwill impairment in Q1 2026 due to sustained market-cap decline.
• ⚠ Asset Impairment (new) — Company recorded $3.7M IPR&D asset impairment in Q1 2026 reflecting heightened uncertainty in advancing AKTX-101 under current capital constraints.