Note 3 – Going Concern

As of September 30, 2025, the Company had an accumulated retained deficit of $80,135,261 and a net loss for the nine month period of $17,693,050. The Company had $387,294 and $3,723,440 of cash on hand and working capital of $9,116,908 and $17,711,599 at September 30, 2025 and December 31, 2024, respectively. The Company may not have sufficient funds to sustain operations for the next twelve months. These factors raise substantial doubt about the Company's ability to continue as a going concern.

During the nine months ended September 30, 2025, management has implemented its comprehensive plans to improve the Company's financial position. These initiatives included restructuring of debt, which was effected through an exchange transaction in the second quarter, ongoing strategic cost cutting and firmwide headcount reductions, on-boarding new customers in existing markets, entering new markets overseas, and entering new product categories to fully utilize any excess production capacity. During the three months ended September 30, 2025, management has finalized exit strategies for leases associated with unused facilities. This will significantly reduce ongoing facilities expense, and related right-of-use liabilities on the balance sheet. In addition, management is investigating potential partnership opportunities, asset sales, and capital raises through debt and or equity offerings, including the sales of shares available under our at-the-market program.

The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.