Red Flags Detected

• ⚠ Going Concern (worsened) — Auditor language shifted from conditional 'may not have sufficient liquidity' to definitive 'lacks the capital resources' needed for one year of operations.
• ⚠ Material Weakness (new) — Company identified new material weakness in internal controls over accounts payable and accrued expenses; disclosure controls now ineffective vs. effective prior year.
• ⚠ Auditor Change (new) — Independent auditor Marcum LLP resigned in April 2025 following acquisition by CBIZ; CBIZ CPAs engaged as replacement.