The company is unable to file its Form 10-K for the fiscal year ended December 31, 2025, within the prescribed timeframe. The delay is due to the ongoing preparation of financial statements and additional time required for the independent auditor to complete audit procedures. The company expects to miss the 15-day extension period provided under Rule 12b-25. Management anticipates receiving a non-compliance notice from the NYSE American regarding listing requirements. The company is targeting an April 30, 2026, filing date for the Form 10-K.