Red Flags Detected

• ⚠ Asset Impairment (new) — Naples Wax Center locations experienced operating challenges resulting in impairment charges during 2025.
• ⚠ Goodwill Impairment (new) — Company recorded $1.4M goodwill impairment on Naples Wax business citing persistent losses and negative cash flows.
• ⚠ Material Weakness (worsened) — Five material weaknesses persist unchanged from prior year, indicating no progress in remediation despite stated efforts.