Red Flags Detected

• ⚠ Going Concern (new) — Auditor issued going-concern qualification for 2025 financial statements citing substantial doubt about ability to continue operations for twelve months.
• ⚠ Delisting (new) — Nasdaq formally notified company of delisting March 11, 2026 for non-compliance with minimum bid price and market-value requirements; appeal hearing April 21, 2026.
• ⚠ Material Weakness (worsened) — Material weaknesses expanded from specific valuation/accrual errors to broader systemic failures in segregation of duties, financial-instrument expertise, and technical accounting capabilities.