MDwerks, Inc. is a technology company specializing in energy wave solutions, including radio wave and microwave technologies, with applications in industrial and commercial sectors. The company operates two main segments: RF Specialties (RFS) focusing on sustainable radio frequency applications like the Spirits Rapid Aging System (SRAS) and Molecular Sawdust Drying System (MSDS), and Two Trees Distilling, which utilizes SRAS for rapid aging of alcoholic beverages. Total revenue for the year ended December 31, 2025, was $2,214,542, a decrease from $2,364,093 in 2024. Two Trees Distilling revenue increased slightly to $1,350,114 in 2025 from $1,324,823 in 2024, driven by $222,300 from the new Whiskey-as-a-Service (WaaS) model, partially offset by declines in brand and bulk sales. RF Specialties revenue decreased to $864,428 in 2025 from $1,039,270 in 2024, primarily due to a non-recurring service revenue of $520,000 in the prior year, partially offset by milestones from the MSDS deployment. The company incurred a gross loss of $(350,315) in 2025, a significant decline from a gross profit of $874,029 in 2024, largely due to increased cost of sales and a $140,067 inventory impairment. Net loss for 2025 was $(3,797,990), substantially higher than the $(1,621,117) net loss in 2024, contributing to an accumulated deficit of $6,158,495. Cash balance at December 31, 2025, was $211,948, up from $11,159 in 2024, primarily due to $2,939,401 in proceeds from common stock sales. The company's independent auditors expressed substantial doubt about its ability to continue as a going concern without additional capital. MDwerks launched its Whiskey-as-a-Service (WaaS) business model and secured contracts for SRAS deployment with a major U.S. distillery and a leading U.S. wholesaler/broker, with installations anticipated in Q2 and Q3 2026. An agreement was signed with an international spirits investment fund for limited exclusivity of SRAS deployment in three countries outside the U.S., requiring at least one unit annually per country. The first Molecular Sawdust Drying System (MSDS) is currently being deployed at a lumber mill, with plans for expansion across the southeast U.S. in 2026. David Stephens was appointed Chief Financial Officer effective March 1, 2025. The company's disclosure controls and procedures were deemed not effective as of December 31, 2025, due to material weaknesses including lack of a functioning audit committee, inadequate segregation of duties, and insufficient written policies.