Amaze Holdings, Inc. (formerly Fresh Vine Wine, Inc.) completed the acquisition of Amaze Software, Inc. on March 7, 2025, transitioning its primary business from a consumer-packaged goods company (wine) to a technology-enabled, creator-powered commerce platform. The company reported a net loss of $55.2 million for the year ended December 31, 2025, a substantial increase from $2.5 million in 2024. Revenue for 2025 increased by 558% to approximately $2.0 million, primarily due to the Amaze Software acquisition, compared to $300,000 in 2024. Gross income for 2025 was $1.6 million, a significant improvement from a gross loss of $5,819 in 2024, attributed to the operating leverage of the Amaze Software platform. The company recognized a goodwill impairment charge of $34.3 million for the year ended December 31, 2025, resulting from the valuation of goodwill from the Amaze acquisition. Amaze Holdings acquired Foodchannel.com LLC on November 7, 2025, for approximately $437,000, paid via a convertible promissory note with a face value of $650,000. The company faces substantial doubt about its ability to continue as a going concern due to a history of operating losses and negative cash flows, with a working capital deficit of approximately $20 million as of December 31, 2025. Material weaknesses in internal control over financial reporting were identified, including lack of segregation of duties and controls over accounting for sales refunds, revenue presentation, foreign currency adjustments, stock issuances, fair value measurements, and accounts payable. A judgment of approximately $1.3 million was awarded against Amaze Holding Company LLC in the G&I IX Aviation LLC v. Teespring, Inc. et al. lawsuit, which the company plans to appeal. The company's common stock has traded below $0.30 per share since March 16, 2026, and it faces a risk of delisting from the NYSE American, potentially requiring a reverse stock split.