Red Flags Detected

• ⚠ Going Concern (new) — Management disclosed substantial doubt about ability to continue as going concern due to $39M net loss, negative working capital, and minimal cash.
• ⚠ Goodwill Impairment (new) — Company recorded $10.1M goodwill impairment in 2025 triggered by declining stock price.
• ⚠ Asset Impairment (new) — Company recorded $3.3M intangible asset impairment in 2025 due to declining cash flow forecast in medical supplies segment.
• ⚠ Sec Investigation (new) — SEC opened formal investigation into company's 2023 financial restatements, issuing subpoenas to company and current/former executives.
• ⚠ Material Weakness (worsened) — Material weakness continues unresolved for second year; root cause description changed from segregation-of-duties issue to broader resource-level problem.