Red Flags Detected

• ⚠ Material Weakness (new) — Company identified material weaknesses across all five COSO framework components in 2025, whereas 2024 controls were deemed effective.
• ⚠ Goodwill Impairment (new) — Company recorded $12.6M impairment on goodwill and intangibles from 2024 acquisitions due to lower-than-expected cash flows.
• ⚠ Asset Impairment (new) — Company wrote down $10.5M in intangible assets (customer relationships, trademarks, software) due to fair value decline.
• ⚠ Delisting (new) — Company received Nasdaq delisting notice for bid price below $1.00; has until June 8, 2026 to regain compliance or face delisting.
• ⚠ Going Concern (new) — Auditor's report now includes going-concern language citing substantial doubt about the Company's ability to continue operations due to losses and accumulated deficit.