The Company has evaluated subsequent events through the date of this filing.

As discussed in Note 8, Commitments and Contingencies, the Company acquired a promissory note with a former shareholder and member of SUNation NY. On January 30, 2026, the Company reached agreement to eliminate this promissory note. Prior to reaching this settlement, the promissory note carried remaining principal balance of approximately $1.1 million. To eliminate the long-term promissory note, significantly reduce this remaining multi-year obligation and improve financial flexibility, the Company negotiated a one-time lump-sum settlement payment of $800,000, which payment was made on January 30, 2026.

In connection with the elimination of the long-term promissory note, the Company utilized its existing $1 million Revolver with MBB. Prior to drawing on this facility in January 2026, no amounts had been drawn on the Revolver.