Red Flags Detected

• ⚠ Criminal Indictment (new) — Company and two former executives indicted in New York Supreme Court in September 2025; both executives stepped down in November 2025.
• ⚠ Material Weakness (worsened) — Material weaknesses expanded to include contingent liabilities and more granular impairment categories; remediation timeline extended one year to fiscal 2026.
• ⚠ Auditor Change (new) — CBIZ CPAs P.C. acquired Marcum LLP's attest business effective November 1, 2024, resulting in auditor name change during period of material weaknesses.
• ⚠ Sec Investigation (new) — Auditor added emphasis-of-matter paragraph disclosing indictment and ongoing regulatory investigation with potentially material financial impact.
• ⚠ Nasdaq Listing Compliance (new) — Company disclosed non-compliance with NASDAQ timely filing requirement, creating delisting risk if not remediated.
• ✓ Goodwill Impairment (improved) — No goodwill impairment recorded in FY2025 versus $8.9 million impairment in FY2024.
• ✓ Asset Impairment (improved) — Total impairments decreased to $5.3 million in FY2025 from $38.5 million in FY2024, reflecting improved asset performance.