Red Flags Detected

• ⚠ Impairment (new) — Company recorded $1.5M in impairments ($868K film assets, $667K intangible assets) for underperforming SaltyTV short films and game titles in FY2025; no such charges in FY2024.
• ✓ Material Weakness (improved) — Previously disclosed material weakness in warrant valuation has been remediated as of December 31, 2025, after implementing enhanced controls and engaging qualified valuation experts.