Red Flags Detected

• ⚠ Material Weakness (new) — Management concluded internal controls over financial reporting are ineffective as of December 31, 2025, reversing prior-year effective conclusion.
• ⚠ Impairment (new) — Company recorded $4.5M impairment charge on LizzieSat-1 and related assets in FY2025, signaling carrying value exceeded recoverable amount.