Red Flags Detected

• ⚠ Going Concern (new) — Company disclosed substantial doubt about ability to continue as a going concern for the first time, stating it may not have sufficient cash to maintain operations for the next twelve months.
• ⚠ Debt Default (new) — Mandatory near-term debt redemption of $30.4M due by September 30, 2026 creates acute liquidity pressure within six months against declining cash balance.