Failure to Satisfy Listing Rule (Form 8-K)

As previously disclosed, on August 6, 2026, the Company received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company did not comply with the requirement to maintain a market value of listed securities ("MVLS") of $35 million as required for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule (the "Rule") 5550(b)(2). The Rule requires listed companies to maintain at least one of the following: (i) a minimum of $2.5 million in stockholders' equity, (ii) an MVLS of at least $35 million, or (iii) net income from continuing operations of at least $500,000.

On August 25, 2026, the Company received a letter from Nasdaq Staff stating that, based on the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2026, evidencing stockholders' equity of $83,766,235, Nasdaq Staff has determined that the Company complies with the Rule and that the matter is now closed.