12. Subsequent Events

Dissolution of Noachis Terra, Inc

Subsequent to December 31, 2025, the Company completed the dissolution of Noachis Terra, Inc., its wholly owned Delaware subsidiary in February 2026. Noachis Terra, Inc. had no material assets or operations as of December 31, 2025, and the dissolution did not have material impact on the Company’s consolidated financial statements.

Adjustment to Conversion Price of Series H Preferred Stock

The outstanding shares of Series H Preferred Stock are convertible into the number of shares of our common stock obtained by dividing the Stated Price of the shares to be converted by the Conversion Price. The Certificate of Designation for our Series H Preferred Stock contains anti-dilution provisions, which provisions require the lowering of the current $2.50 Conversion Price on any unconverted Series H Preferred Stock to the price of future issuances by us (subject to certain exclusions). Effective as of March 14, 2025, as a result of the Company’s issuance of shares of Common Stock to Dawson James in payment of advisory fees pursuant to an Engagement Agreement dated as of March 14, 2025, at a price of $1.00 per share, the Conversion Price of the Series H Preferred Stock was reduced to $1.00.