CABR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-12

• The following discussion of our financial condition and results of operations should be read in conjunction with the other information contained in this Form 10-Q, including our unaudited Condensed Consolidated Financial Statements and notes thereto included elsewhere in this Form 10-Q, as well as o…

• Net loss per share attributable to common stockholders - basic $(0.27) $(0.04)

• Net loss per share attributable to common stockholders - diluted $(0.27) $(0.04)

• *Due to the anti-dilutive effect, the computation of basic and diluted EPS did not include the shares underlying the exercise of warrants, options, RSUs and Series A preferred stock as the Company had a net loss for the three months ended March 31, 2026 and 2025.

• Comparison of the three months ended March 31, 2026 to the three months ended March 31, 2025.

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• Management’s discussion and analysis of financial condition and results of operations (“MD&A”) should be read together with the MD&A presented in the Registration Statement on Form S-1 for the year ended December 31, 2024 (the “Annual Report”) and the unaudited condensed consolidated financial state…

• Successor Successor Predecessor Successor Successor Predecessor

• Comparison of the three months ended September 30, 2025 to the three months ended September 30, 2024

• Net sales and Cost of Sales in the three months ended September 30, 2025 were inconsequential and in the period of July 1, 2024 to September 24, 2024 (“Predecessor QTD Period”) and the period of September 25, 2024 to September 30, 2024 (“Successor 2024 Period”) the Company had no revenue. The Compan…

• SG&A expenses were $999,923 for the three months ended September 30, 2025, as compared to $156,091 for the Predecessor QTD Period and $428,906 for the Successor 2024 Period. The increase in SG&A was primarily a result of issuing shares in exchanges for consulting and investor relations services. The…

Text added vs the prior filing · source: 10-Q · 2026-05-12

• We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 (as amended, the “Exchange Act”) and are not required to provide the information under this item.

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• There have been no material changes to our primary risk exposures or management of market risks from those disclosed in the Annual Report.

Text added vs the prior filing · source: 10-Q · 2026-05-12

• Our management, with the participation of our Chief Executive Officer and Interim Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of March 31, 2026.

• Disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such …

• Based on this evaluation, our Chief Executive Officer and Interim Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of March 31, 2026 due to the following deficiencies that we believe to be material weaknesses.

• ● The Company’s system of internal controls failed to identify multiple journal entries that were identified by the Company’s external auditor.

• ● The Company has no formal control process related to the identification and approval of related party transactions.

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• Evaluation of disclosure controls and procedures over financial reporting

• As required by Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our d…

• Disclosure controls and procedures are designed to ensure that information required to be disclosed by a company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such inf…

• Based on their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of September 30, 2025, our disclosure controls and procedures were not yet fully effective because we are a newly public company and are in the process of designing and implementing our disclosure c…

• There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that occurred during the quarter ended September 30, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial rep…

Text added vs the prior filing · source: 10-Q · 2026-05-12

• From time to time, we may become involved in litigation or other legal proceedings. We are not currently a party to any litigation or legal proceedings that, in the opinion of our management, are likely to have a material adverse effect on our business. Regardless of outcome, litigation can have an …

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• We are from time to time subject to legal proceedings, claims and litigation arising in the ordinary course of business. We are not currently a party to any matters that management expects will have a material adverse effect on our consolidated financial position, results of operations or cash flows…