The company received a notice on April 28, 2026, regarding non-compliance with the $35 million Market Value of Listed Securities (MVLS) requirement. The Nasdaq Hearings Panel previously granted an exception until May 1, 2026, to meet the $2.5 million stockholders' equity requirement and until June 1, 2026, to meet the bid price requirement. A merger completed on May 1, 2026, involving $20 million in Series B Preferred Stock was intended to address the equity deficiency. Stockholders approved a reverse stock split (1-for-3 to 1-for-30) on May 8, 2026, to address the bid price deficiency. The company has requested a short extension from the Nasdaq Panel to finalize compliance measures.