Red Flags Detected

• ⚠ Material Weakness (worsened) — Material weaknesses in internal controls persist for another year with identical deficiencies across control environment, risk response, complex transactions, period-end reporting, IT controls, and account-level controls.
• ⚠ Going Concern (worsened) — Going-concern language persists; FY2025 net loss increased to $110.6M from $74.9M in FY2024, and working capital deficit worsened from $55.7M to $102.7M.