Red Flags Detected

• ⚠ Going Concern (new) — Auditors raised substantial doubt about ability to continue operations due to net losses, negative cash flows, and insufficient cash for next 12 months despite recent IPO.
• ⚠ Material Weakness (new) — Seven material weaknesses identified in internal controls, including banking authority lapses, management override of controls, and missing board approvals for related-party transactions.
• ⚠ Related Party (new) — Former CEO filed $26M lawsuit against company and board in April 2026 following February resignation and alleged unauthorized fund withdrawals totaling $1.9M.