Based on its assessment, our management, including our Chief Executive Officer, who also serves as our Chief Financial Officer, has concluded that our internal control over financial reporting was not effective as of December 31, 2025 due to material weaknesses in our internal control over financial reporting, as discussed above in " Item 15A Disclosure Controls and Procedures ."

filing / May 29, 2026 / receipt

Not only did these plans take focus away from our remediation of the above identified material weaknesses, these transformations included cost optimization decisions which reduced overall employee headcount and eliminated certain general and administrative expenses, thus limiting the resource available for our remediation efforts.

filing / May 29, 2026 / receipt

Due to recent adverse market conditions faced by the Company, management implemented initiatives designed to increase revenue, reduce costs, and reduce our cash used in operations in future years.

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The Company had $ 293 , $ 547 , and nil in accrued severance costs for the years ended December 31, 2025, 2024, and 2023, respectively.

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During her tenure at Amazon, she also led a global technology platform and expanded international business units for Amazon in France.

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These workforce reductions may create uncertainty and instability among our remaining employees, negatively impact employee morale, and make it more difficult to retain personnel we consider valuable to our operations.

filing / May 29, 2026 / receipt

Arthur Giterman | 45 | Chief Executive Officer, Chief Financial Officer and Director

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Michael Strand | 60 | Chief Revenue Officer

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Lance Solomon | 56 | Chief Product Officer

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Allyson Krause | 56 | Executive Vice President & General Counsel

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Dr. Simon Leung Lim Kin | 71 | Chairman of the Board and Director

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Robin Mendelson | 59 | Director

filing / May 29, 2026 / receipt