These increases will likely include increases related to the hiring of additional personnel and legal, regulatory and other fees and services associated with maintaining compliance with the Nasdaq Marketplace Rules or the Nasdaq Listing Rules and SEC requirements, accounting and audit fees, director and officer insurance costs and investor relations costs associated with being a public company.

filing / Aug 13, 2026 / receipt

If we are unable to raise capital, we will need to delay, reduce or terminate planned activities to reduce costs. Components of Results of Operations The following discussion summarizes the key factors our management believes are necessary for an understanding of our financial statements.

filing / Aug 13, 2026 / receipt

We may also consider steps to reduce our operating expenses. There can be no assurances that we will be successful in any of the foregoing.

filing / Aug 13, 2026 / receipt

These increases will likely include increases related to the hiring of additional personnel and legal, regulatory and other fees and services associated with maintaining compliance with the Nasdaq Marketplace Rules or the Nasdaq Listing Rules and SEC requirements, accounting and audit fees, director and officer insurance costs and investor relations costs associated with being a public company.

filing / May 11, 2026 / receipt

If we are unable to raise capital, we will need to delay, reduce or terminate planned activities to reduce costs. 22 Table of Contents Components of Results of Operations The following discussion summarizes the key factors our management believes are necessary for an understanding of our financial statements.

filing / May 11, 2026 / receipt

We may also consider steps to reduce our operating expenses. There can be no assurances that we will be successful in any of the foregoing.

filing / May 11, 2026 / receipt