Red Flags Detected

• ⚠ Debt Default (new) — Company defaulted on revolving loan maturity; lender issued formal demand for $1.01M including default amounts before May 2026 settlement.
• ⚠ Going Concern (worsened) — Management now explicitly concludes substantial doubt exists about ability to continue as going concern, more severe than prior-period language.
• ⚠ Material Weakness (new) — Company disclosed new material weakness in internal controls related to Grid AI integration and insufficient accounting resources.