Note 11 - Subsequent Events

Issuance of promissory notes

The Company issued promissory notes (the “Q4 2025 Notes”) to certain lenders in the aggregate principal amount of $0.5 million, for an aggregate purchase price from the Lenders of $0.3 million. The Q4 2025 Notes are unsecured and mature on the earlier of (i) the date of consummation of any offering or offerings, individually or in the aggregate, of securities with gross proceeds of at least $1,000,000, and (ii) December 24, 2025.

The Company issued a promissory note (the “Q4 new Note”) to certain lenders in the aggregate principal amount of $0.2 million for an aggregate purchase price from the Lenders of $0.2 million. The Q4 new Note is secured by a Guaranty, Security and Pledge Agreement

The Company issued promissory notes (the “Q4 new Notes 2”) to certain lenders in the aggregate principal amount of $0.5 million for an aggregate purchase price from the Lenders of $0.4 million.