Red Flags Detected

• ⚠ Going Concern (worsened) — Auditor raised going-concern flag for second consecutive year; cash fell 36%, debt doubled, working capital deficit widened $100M to $412M, and stockholders' equity turned negative $(155M).
• ✓ Material Weakness (removed) — All seven previously-disclosed material weaknesses in internal controls were remediated as of December 31, 2024; no material weaknesses reported in 2025 filing.