Financial Analysis

Note 18 Commitments and Contingencies The Company may, from time to time, be involved in legal matters arising in the ordinary course of its business. While the Company is not presently subject to any material legal proceedings, there can be no assurance that such matters will not arise in the future or that any such matters in which the Company is involved, or which may arise in the ordinary course of the Companys business, will not at some point proceed to litigation or that such litigation will not have a material adverse effect on the bus i ness, financial condition or results of operations of the Company. On August 22, 2023, two separate lawsuits were filed against NMI and two of its wholly-owned subsidiaries: Visiontech Group Inc., a California corporation, and Hydroman Inc., a California corporation (collectively referred to as the Defendants) by Megaphoton. Megaphoton, a manufacturer and producer of artificial lighting equipment for use in agriculture and industrial applications, filed the lawsuits against the Defendants in Los Angeles Superior Court, asserting that the Defendants have breached a contract/guarantee agreement by failing to pay a total of $6,857,167, as per the terms of these agreements. NMI believes that there is no merit in the complaint and has filed a counter-suit against Megaphoton in Orange County Court, California, seeking affirmative relief on September 22, 2023. On March 5, 2024, Megaphoton filed requests to dismiss the cases against Hydroman a …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Note 10 Loans payable Short-term loans: As of December 31, 2025 As of December 31, 2024 Factor H (1) $ 640,816 $ 685,172 Factor I (2) - 207,921 Factor J (3) 38,255 28,838 Factor K (4) - 66,404 Factor L (5) 129,170 - Jie Zhang (6) 70,000 100,000 Peng Zhang (7) - 560,000 RedOne Investment Limited (RedOne) (8) 230,000 230,000 Agile Capital Funding, LLC (9) 359,344 480,798 ClassicPlan Premium Financing, Inc. (10) - 9,471 Maximcash Solutions LLC (11) - 300,000 J.J. Astor & Co. (12) 1,581,212 - Yan Li (13) 991,348 - Other loans 152,500 - Total short-term loans $ 4,192,646 $ 2,668,604 Short-term loans consist of account receivable factoring agreements, subordinated business loan and third parties loans as of December 31, 2025 and 2024. (1) On October 23, 2023, the Merchants entered into a standard merchant cash advance agreement with Factor H. The Company sold $768,500 of its accounts receivable balances on a recourse basis for credit approved accounts. The net purchase price of $503,500 was remitted to the Company, after the deduction of the total fees of $26,500. The Company agreed to pay a weekly installment of $22,814.84 for 32 weeks with a final extra payment of $38,500. The effective interest rate of this agreement was 85.36%. For the year ended December 31, 2024, the Company paid $409,443 principal of the loan. On May 2, 2024, the Merchants entered into another standard merchant cash advance agreement with Factor H. The Company sold $1,240,150 of its accounts receivable b …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The Companys disaggregate revenue stream by products are summarized below: For the Years Ended December 31, 2025 December 31, 2024 Grow light $ 1,382,020 $ 8,910,308 Indoor grow containers - 143,781 Grow Media and others 360,340 207,494 Total $ 1,742,360 $ 9,261,583 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Note 13 Income taxes The provision for income taxes for the years ended December 31, 2025 and 2024 consisted of the following: December 31, 2025 December 31, 2024 Income Tax Expense Current federal tax expense Federal $ - $ - State 1,700 5,100 Foreign - - Deferred tax Federal - - State - - Foreign - - Total $ 1,700 $ 5,100 The components of loss before income taxes attributable to domestic and foreign operations for the years ended December 31, 2025 and 2024 consisted of the following: December 31, 2025 December 31, 2024 Loss before income taxes Current federal tax expense Domestic income $ 11,985,054 $ 13,648,240 Foreign income - - Total loss before taxes $ 11,985,054 $ 13,648,240 The Company is subject to U.S. federal income tax as well as income tax of state tax jurisdictions. The following is a reconciliation of income tax expenses at the effective rate to income tax at the calculated statutory rates: For the Year Ended December 31, 2025 $ % Provision for income taxes at U.S. federal statutory rate $ 2,516,861 21.00 % State and local income taxes, net of federal benefit (1) 776,625 6.47 Change in valuation allowance (3,282,223 ) (27.37 ) Tax effect of non- deductible expenditure (12,963 ) (0.11 ) Total tax provision and effective tax rate $ (1,700 ) (0.01 )% For the Year Ended December 31, 2024 $ % Provision for income taxes at U.S. federal statutory rate $ 2,872,093 21.00 % State and local income taxes, net of federal benefit (1) 943,709 6.90 Change in valuation allowanc …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Note 17 Lease The Company follows ASC 842 Leases. The Company has entered into lease agreements for vehicle, office and warehouse space in California, Pennsylvania and Texas. $133,889 and $470,716 of operating lease right-of-use assets and $137,011 and $467,982 of operating lease liabilities were reflected on the December 31, 2025 and 2024 financial statements, respectively. On May 28, 2023, Visiontech entered into a lease agreement for a vehicle. The leasing term began on May 28, 2023 and will terminate on April 28, 2025 with a first installment of $15,000 and then continuously monthly payment of $1,550. On April 11, 2024, the Company entered into a lease agreement for an office located in California. The lease term was from May 1, 2024 to April 30, 2027. The lease payments are $8,528 per month for the period commencing May 1, 2024 and ending April 30, 2025, $8,784 per month for the period commencing May 1, 2025 and ending April 30, 2026, $9,047 per month for the period commencing May 1, 2026 and ending April 30, 2027. As of December 31, 2025 and 2024, the weighted-average remaining operating lease term of its existing leases is approximately 1.33 and 2.04 years, respectively. As of December 31, 2025 and 2024, the average discount rate of its existing leases is approximately 6.76% and 7.14%, respectively. Lease cost December 31, 2025 December 31, 2024 Operating lease cost (included in Cost of Revenue and Other Expense in the Companys Statement of Operations) $ 249,223 $ 409, …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recently adopted accounting pronouncements In November 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments significant expenses and certain other segment items on an interim and annual basis if they are regularly provided to the chief operating decision maker (CODM). This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively to all prior periods presented. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The Company adopted ASU 2023-07 on January 1, 2024. In December 2023, the FASB issued Accounting Standards Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). AS …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Note 12 Related party transactions Purchases and accounts payable related parties: On April 11, 2023, one of the Companys customers and vendors, Iluminar Lighting LLC (Iluminar) entered into Debt Conversion Agreement with the Company pursuant to which it will convert $1,000,000 of accounts receivable to 1,033,333 shares of Iluminar which is 10% of Iluminars outstanding shares. For the years ended December 31, 2025 and 2024, the purchases made from Iluminar were $58,030 and $56,671, respectively. As of December 31, 2025 and 2024, the accounts payable amount due to Iluminar was $366,437 and $308,407, respectively. Revenue and accounts receivable - related party: During the years ended December 31, 2025 and 2024, the sales revenue from Iluminar was $76,038 and $1,593,926, respectively. As of December 31, 2025 and 2024, the account receivable, net from Iluminar was nil and $976,449, respectively. Prepayments - related party: As of December 31, 2025 and 2024, the prepayments from Jonathan was nil and $10,000, respectively. Loan receivable related party: As of December 31, 2025 and 2024, loan receivable from Big Lake amounted to $605,000 and nil , respectively. The receivable relates to a promissory note dated April 11, 2025, issued to Big Lake, which bears interest at 0% per annum and matures on June 30, 2026. The promissory note includes a debt-forgiveness provision whereby the outstanding principal may be forgiven if the borrower invests an amount equal to or greater than the lo …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

Note 19 Segment Information The Company conducts business as a single operating segment for indoor agriculture technology that provides products to indoor growers which is based upon the Companys organizational and management structure, as well as information used by the Chief Executive Officer (CODM) to allocate resources and other factors. The accounting policies of the segment are the same as those described in Note 3. The key measure of segment profitability that the CODM uses to allocate resources and assess performance is segment profit or loss, as reported on the statements of operations. The following table presents the significant revenue and expense categories of the Companys single operating segment: Year Ended December 31, 2025 2024 Revenues $ 1,742,360 $ 9,261,583 Less: Cost of revenues 2,193,398 12,066,778 Operating expenses: Salary and benefits expenses 1,152,382 1,883,893 Professional fees 1,718,323 2,320,041 Stock-based compensation 339,063 1,413,458 Other selling, general and administrative 1,673,364 1,516,728 Provision for credit losses 1,818,151 408,569 Other expenses (income): Interest expense, net 3,375,272 2,301,600 Non cash finance expense 200,000 1,000,000 (Gain) loss on loan extinguishment (67,183 ) 8,417 Income taxes 1,700 5,100 Other segment expense (income) 1,324,644 (9,661 ) Net loss $ (11,986,754 ) $ (13,653,340 ) …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Note 15 Equity Reverse recapitalization The total number of shares which the Company shall have the authority to issue is one thousand and one million (1,001,000,000) shares of two classes of capital stock to be designated respectively preferred stock (Preferred Stock) and common stock (Common Stock). The total number of shares of Common Stock the Company shall have authority to issue is 1,000,000,000 shares, par value $0.0001 per share. The total number of shares of Preferred Stock the Company shall have authority to issue is 1,000,000 shares, par value $0.0001 per share. The Preferred Stock authorized by this Certificate of Incorporation may be issued in series. As a result of the Merger as described in note 1, all share and per share data has been retroactively restated to reflect the current capital structure of the Company. Shares issued in connection with the Companys Merger on March 11, 2024: Common Stock Lakeshores shares outstanding prior to reverse recapitalization 74,717 Shares issued to private rights 1,172 Conversion of the Lakeshores public shares and rights 26,337 Shares issued to service providers 26,717 Shares issued for commitment fee 5,114 Bonus shares issued to in connection with Lakeshore loans * 2,200 Bonus shares issued to in connection with NMI loans * 3,333 Conversion of NMIs shares into the Companys ordinary shares 742,416 Total shares outstanding 882,006 * In connection with the Merger, the Company, Lakeshore and NMI further entered into a Letter Ag …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Note 20 Subsequent events On January 29, 2026, Zak Properties entered into a promissory note agreement with American Savings Life Insurance Company (the Lender), pursuant to which Zak Properties issued a promissory note in the principal amount of $5,000,000. The note bears interest at an annual rate of 8.50% and requires monthly payments of $35,416.67 commencing on March 1, 2026. The note matures on February 1, 2028, at which time the remaining unpaid principal and accrued interest are due, resulting in a balloon payment. Proceeds from the loan were primarily used to repay existing indebtedness, including the JJ Astor loan of $1,886,000, and the Yan Li loan of $1,046,200 (refer to Note 10 Loans Payable). In connection with the financing, the Company incurred loan origination and related fees, including a $50,000 origination fee, $5,500 underwriting fee, $50,000 mortgage broker fee, and other closing costs, which are recorded as debt issuance costs and amortized over the term of the loan. On February 2, 2026, the Company entered into a Settlement and Mutual Release Agreement with Megaphoton, Inc. to resolve previously disclosed litigation pending in the United States District Court for the Central District of California. Pursuant to the agreement, the Company agreed, among other things, to (i) issue 15,000,000 unregistered shares of its common stock and register such shares on a Form S-1 no later than July 31, 2026, (ii) appoint Megaphotons chief executive officer to the Compa …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

Note 19 Commitment and Contingencies The Company may, from time to time, be involved in legal matters arising in the ordinary course of its business. While the Company is not presently subject to any material legal proceedings, there can be no assurance that such matters will not arise in the future or that any such matters in which the Company is involved, or which may arise in the ordinary course of the Companys business, will not at some point proceed to litigation or that such litigation will not have a material adverse effect on the business, financial condition or results of operations of the Company. On August 22, 2023, two separate lawsuits were filed against NMI and two of its wholly-owned subsidiaries: Visiontech Group Inc., a California corporation, and Hydroman Inc., a California corporation (collectively referred to as the Defendants) by Megaphoton. Megaphoton, a manufacturer and producer of artificial lighting equipment for use in agriculture and industrial applications, filed the lawsuits against the Defendants in Los Angeles Superior Court, asserting that the Defendants have breached a contract/guarantee agreement by failing to pay a total of $6,857,167, as per the terms of these agreements. NMI believes that there is no merit in the complaint and has filed a counter-suit against Megaphoton in Orange County Court, California, seeking affirmative relief on September 22, 2023. On March 5, 2024, Megaphoton filed requests to dismiss the cases against Hydroman and …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Note 11 Loans payable (restated) Short-term loans: As of September 30, 2025 As of December 31, 2024 Factor H (1) $ 646,978 $ 685,172 Factor I (2) 166,573 207,921 Factor J (3) 38,255 28,838 Factor K (4) 55,663 66,404 Factor L (5) 149,170 - Jie Zhang (6) 100,000 100,000 Peng Zhang (7) 560,000 560,000 RedOne Investment Limited (RedOne) (8) 230,000 230,000 Agile Capital Funding, LLC (9) 387,142 480,798 ClassicPlan Premium Financing, Inc. (10) - 9,471 Maximcash Solutions LLC (11) 124,248 300,000 J.J.Astor & Co. (12) 1,362,987 - Other loans 72,383 - Total short-term loans $ 3,893,399 $ 2,668,604 Short-term loans consist of account receivable factoring agreements, subordinated business loan and third parties loans as of September 30, 2025 and December 31, 2024. (1) On October 23, 2023, the Merchants entered into a standard merchant cash advance agreement with Factor H. The Company sold $768,500 of its accounts receivable balances on a recourse basis for credit approved accounts. The net purchase price of $503,500 was remitted to the Company, after the deduction of the total fees of $26,500. The Company agreed to pay a weekly installment of $22,814.84 for 32 weeks with a final extra payment of $38,500. The effective interest rate of this agreement was 85.36%. For the three and nine months ended September 30, 2024, the Company paid $181,950 and $409,443 principal of the loan. On May 2, 2024, the Merchants entered into another standard merchant cash advance agreement with Factor H. …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The Companys disaggregate revenue stream by products are summarized below: For the Three Months Ended For the Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Grow light $ 69,293 $ 2,949,162 $ 1,302,865 $ 8,326,412 Indoor grow containers 143,781 Grow media and others 3,084 103,565 360,340 192,221 Total revenues $ 72,377 $ 3,052,727 $ 1,663,205 $ 8,662,414 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Note 14 Income taxes As of September 30, 2025 and December 31, 2024, the Companys deferred tax asset had a full valuation allowance recorded against it. The effective tax rate for the three and nine months ended September 30, 2025, were 0.00% and (0.03) %, respectively. The effective tax rate for the three and nine months ended September 30, 2024 were 0.00% and 0.00%, respectively. The effective tax rate differs from the federal and state statutory tax rate of 21.0% primarily due to the valuation allowance on the deferred tax assets. The Company continues to maintain a full valuation allowance against its deferred tax assets due to historical losses and uncertainty around future taxable income. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Note 18 Lease The Company follows ASC 842 Leases. The Company has entered into lease agreements for vehicles, offices and warehouses space in California, Pennsylvania and Texas. $334,675 and $470,716 of operating lease right-of-use assets and $321,205 and $467,982 of operating lease liabilities were reflected on the September 30, 2025 and December 31, 2024 financial statements, respectively. On May 15, 2021, Hydroman entered into a lease agreement of the warehouse in California. The lease term was from May 16, 2021 to May 15, 2022. The lease payments are $22,375 per month. On May 16, 2022, Hydroman extended the lease of the warehouse in California. The new leasing term was from June 16, 2022 to June 15, 2025 and an extra month from May 16, 2022 to June 15, 2022 free of charge. The lease payments are $29,088 per month for the period commencing June 16, 2022 and ending June 15, 2023, $29,960 per month for the period commencing June 16, 2023 and ending June 15, 2024, $30,859 per month for the period commencing June 16, 2024 and ending June 15, 2025. The Company did not renew the lease. On May 28, 2023, Visiontech entered into a lease agreement for a vehicle. The leasing term began on May 28, 2023 and terminated on April 28, 2025 with a first installment of $15,000 and then continuously monthly payment of $1,550. On April 11, 2024, the Company entered into a lease agreement for an office located in California. The lease term was from May 1, 2024 to April 30, 2027. The lease payme …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recently issued accounting pronouncements In December 2023, the FASB issued Accounting Standards Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. The guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. The Company is currently evaluating the potential impact of adopting this new guidance on its unaudited condensed consolidated financial statements and related disclosures. In November 2024, the FASB issued ASU 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (ASU 2024-03), which requires the disaggregation of certain expenses in the notes of the financials, to provide enha …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Note 13 Related party transactions (restated) Purchases and accounts payable related parties: UniNet Global Inc. (Uninet), a vendor whose stockholder is Zhiyi (Jonathan) Zhang who is also one of the stockholders and management of the Company, sold certain products to Visiontech. On September 24, 2024, the Company entered into a trade payable forgiveness agreement with Visiontech, Uninet and NMI, relating to the cancellation of a portion of outstanding trade payables owed by Visiontech to Uninet. Visiontech owed Uninet a trade payable in the amount of $2,713,073 as of June 30, 2024. Pursuant to the trade payable forgiveness agreement, Uninet agreed to cancel the outstanding trade payable of $2,135,573, leaving a remaining balance of $577,500 still payable by Visiontech to Uninet. The debt forgiveness was recorded as an increase in additional paid in capital of $2,135,573 as a result of related party transaction. On November 19, 2024, the Company entered into a debt-to-equity conversion agreement with Visiontech, Uninet, and NMI, under which the remaining balance of $577,500 to be converted into 218,750 shares of common stock for Jonathan Zhang at a conversion price of $2.64 per share. As of September 30, 2025 and December 31, 2024, the outstanding accounts payable amount due to Uninet was $0 and $0. On April 11, 2023, one of the Companys customers and vendors, Iluminar Lighting LLC (Iluminar) entered into Debt Conversion Agreement with the Company pursuant to which it will con …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

Note 20 Segment information (restated) The Company conducts business as a single operating segment for indoor agriculture technology that provides products to indoor growers which is based upon the Companys organizational and management structure, as well as information used by the Chief Executive Officer (CODM) to allocate resources and other factors. The accounting policies of the segment are the same as those described in Note 4. The key measure of segment profitability that the CODM uses to allocate resources and assess performance is segment profit or loss, as reported on the statements of operations. The following table presents the significant revenue and expense categories of the Companys single operating segment: For the Three Months Ended For the Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues $ 72,377 $ 3,052,727 $ 1,663,205 $ 8,662,414 Less: Cost of revenues 71,951 2,824,614 1,458,521 7,669,764 Operating expenses: Salary and benefits expenses 257,347 473,629 928,898 1,449,580 Professional fees 459,614 552,696 1,219,820 1,484,835 Stock-based compensation 84,146 848,075 230,039 1,215,880 Other selling, general and administrative 404,043 312,553 1,165,129 1,064,192 Provision for credit losses 126,824 36,597 306,091 60,988 Other expenses (income): Interest expense, net 595,156 738,468 2,098,499 1,527,443 Non cash finance expense 200,000 - 200,000 1,000,000 Loss on lo …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Note 16 Equity Reverse recapitalization The total number of shares which the Company shall have the authority to issue is one hundred and one million (101,000,000) shares of two classes of capital stock to be designated respectively preferred stock (Preferred Stock) and common stock (Common Stock). The total number of shares of Common Stock the Company shall have authority to issue is 100,000,000 shares, par value $0.0001 per share. The total number of shares of Preferred Stock the Company shall have authority to issue is 1,000,000 shares, par value $0.0001 per share. The Preferred Stock authorized by this Certificate of Incorporation may be issued in series. As a result of the Merger as described in Note 1, all share and per share data has been retroactively restated to reflect the current capital structure of the Company. Shares issued in connection with the Companys Merger on March 11, 2024: Common Stock Lakeshores shares outstanding prior to reverse recapitalization 74,717 Shares issued to private rights 1,172 Conversion of the Lakeshores public shares and rights 26,337 Shares issued to service providers 26,718 Shares issued for commitment fee 5,114 Bonus shares issued to in connection with Lakeshore loans * 2,200 Bonus shares issued to in connection with NMI loans * 3,333 Conversion of NMIs shares into the Companys ordinary shares 742,415 Total shares outstanding 882,006 * In connection with the Merger, the Company, Lakeshore and NMI further entered into a Letter Agreeme …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Note 21 Subsequent events The Company evaluated subsequent events and transactions that occurred after September 30, 2025 up through April 13, 2026 which is the date of these unaudited condensed consolidated financial statements are available to be issued. Based on this review, except as disclosed below, the Company did not identify any other subsequent events that would require adjustment or disclosure in the unaudited condensed consolidated financial statements. On October 1, 2025, the Company entered into another securities purchase agreement with 1800 Diagonal Lending LLC (Diagonal) pursuant to which the Company sold to Diagonal a convertible promissory note in the aggregate principal amount of $112,800 with an original issue discount of $18,800 and closing expenses of $9,000 deducted from funding amount. The note bears an annual interest charge of 15% and maturity date of June 30, 2026. Only upon an occurrence of an event of default under the note, the holder may convert the outstanding unpaid principal amount of the note into shares of common stock of the Company at a discount of 39% of the market price. On October 8, 2025, the Company filed Certificate of Designations and related amendments with the State of Delaware. Such filing provided for new classes of preferred stock in Series A, Series B, Series C and Series D. The Company is authorized to issue up to 1,000,000 shares of preferred stock. 300 are designated for Series A, 5,000 for Series B, 9,500 for Series C, an …

SubsequentEventsTextBlock · excerpt; the full note is in the filing