Red Flags Detected

• ⚠ Material Weakness (worsened) — Material weaknesses in control environment, IT general controls, and process-level controls persist unchanged from prior year, affecting substantially all financial statement accounts despite ongoing remediation efforts.
• ✓ Going Concern (improved) — Management concludes going concern doubt alleviated following March 2026 merger, though auditor's going concern paragraph remains in 2025 audit report and cash runway disclosure absent.
• ⚠ Auditor Change (new) — RBSM LLP replaced Baker Tilly US, LLP (formerly Moss Adams LLP) as auditor for fiscal 2025, with no disclosed reason for the change.