IDAI — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-14

• •Adding senior business development advisors in Ghana, Nigeria, Kenya and Malta primarily compensated based on revenue received

• ii.StableKey (or “Stable IT2”) which is a revolutionary technology that generates a “key” directly from the biometric of the user which key has a mathematical correlation to all of the user's passwords, PINS, and other “secrets” for every account and use case meaning that those secrets never need to…

• •Participation in the Trust Valley program in the Geneva region of Switzerland.

• •Participation in the Founders Arena wealth management program.

• Resignation of Board Director and Appointment of New Board Director

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

• ii.A simple user interaction utility called “Shape Overlay” that augments biometric verification and combats deepfakes and injection attacks by having the user interact in real-time with their captured image.

• iii.StableKey (or “Stable IT2”) which is a revolutionary technology that generates a “key” directly from the biometric of the user which key has a mathematical correlation to all of the user's passwords, PINS, and other “secrets” for every account and use case meaning that those secrets never need t…

• iv.A patent for “Interoperable Biometric Representations” that potentially breaks vendor lock-in by allowing users of biometric technologies to compare like-modality templates from different sources.

• On October 31, 2025, the Company entered into a warrant exercise and exchange inducement agreement (the “WEEA”) with a certain institutional investor, pursuant to which the institutional investor agreed to (i) exercise (the “Exercise”) (a) all of the warrants issued to the institutional investor on …

• The New Warrants have substantially the same terms as the Existing Warrants. The terms of the Series A and Series B Warrants that comprise the New Warrants are identical, except that the Series A Warrants provide for additional protections for the holder in the event of a “Fundamental Transaction” w…

Text added vs the prior filing · source: 10-Q · 2026-05-14

• Based on our evaluation, management concluded that our internal controls over financial reporting were effective as of March 31, 2026.

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

• Notwithstanding the identified material weaknesses, management has concluded that the unaudited condensed consolidated financial statements present fairly, in all material respects, the Company’s financial position, results of operations, and cash flows as of the dates, and for the periods presented…

• Previously Reported Material Weakness in Internal Control Over Financial Reporting

• In our Annual Report for the year ended December 31, 2024, filed with the SEC on March 31, 2025, we identified a material weakness in our internal control over financial reporting. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, su…

• Management’s Plan to Remediate the Previously Reported Material Weakness

• Management has evaluated the material weakness described above and has updated its design and implementation of internal control over financial reporting to remediate the aforementioned material weakness and enhance the Company’s internal control environment. It is management's belief that these add…