Net sales for 2025 decreased by 13.0% to $47.9 million from $55.1 million in 2024, primarily due to timing and changes in product mix. A net loss of $1.3 million was reported for 2025, a slight improvement from the $1.4 million net loss in 2024. Gross profit percentage improved to 17.1% in 2025 from 16.2% in 2024, attributed to sales mix changes and cost reductions. Operating expenses increased slightly to $8.5 million in 2025, rising to 17.8% of net sales from 15.4% in 2024, mainly due to stock compensation and IT expenses. Total indebtedness grew to $25.2 million as of December 31, 2025, from $20.1 million in 2024, with significant portions maturing by September 30, 2026. Webster Bank, the principal lender, has indicated it will not renew the Current Credit Facility, which matures on September 30, 2026. The company's auditors included an explanatory paragraph regarding substantial doubt about its ability to continue as a going concern. A merger agreement with Tenax Aerospace Acquisition, LLC was entered into on February 16, 2026, which, if consummated, would result in Tenax members owning approximately 95% of the outstanding common stock, based on December 31, 2025, indebtedness. Funded backlog increased by 16.0% to $136.8 million as of December 31, 2025, with total unfilled contract values amounting to $270.1 million. Cash used in operating activities was $1.4 million in 2025, compared to generating $0.3 million in 2024, largely due to a $5.5 million increase in inventory.