Red Flags Detected

• ⚠ Goodwill Impairment (new) — Company recorded $685K goodwill impairment in Q3 2025, indicating fair value of acquired assets fell below carrying value.
• ⚠ Asset Impairment (new) — Company recorded $146K impairment of other intangible assets in 2025, reflecting write-down of acquired technology or customer relationships.
• ⚠ Material Weakness (worsened) — Material weakness expanded from segregation of duties and inventory management to include lack of formalized accounting procedures; remediation now targeted for Q2 2026.