CBDW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• Subsequent to entering into the agreement, the parties have engaged in discussions regarding a potential mutual termination of the proposed transaction. As of the date of this report, no definitive termination agreement has been executed, and the acquisition agreement remains outstanding unless and …

• On April 13, 2026, the Company entered into a First Amendment to Purchase and Sale Agreement with Jefferson Enterprise Energy, LLC, amending that certain Purchase and Sale Agreement effective March 12, 2026, relating to the Company’s acquisition of certain real property and related assets located in…

• On May 27, 2026, the Company and Jefferson Enterprise Energy, LLC entered into a Second Amendment to the Purchase and Sale Agreement, which further extended the closing date to October 31, 2026 and provided for an extension fee of $312,000.

• On June 2, 2026, the Company entered into a Third Amendment to the Purchase and Sale Agreement. Pursuant to the Third Amendment, the parties acknowledged that the Seller had received $200,000 of the $312,000 extension fee and agreed that the remaining $112,000 balance would be paid on or before June…

• On July 10, 2026, the Company entered into a Fourth Amendment to the Purchase and Sale Agreement, which modified the payment schedule for the remaining $112,000 extension fee balance. Under the Fourth Amendment, the remaining balance is payable in four equal installments of $28,000, due on July 15, …

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• The Company has also engaged Moody Capital Solutions, Inc. as its sole exclusive placement agent and financial advisor to advise on capital markets and financing matters in connection with these initiatives.

• Net Loss. For the three months ended March 31, 2026 and 2025, net loss was $1,066,516 and $208,339, respectively. The significant increase in net loss was primarily due to a substantial increase in interest expense of $544,468 (compared to $62,054 in the prior year period), driven by the amortizatio…

• As of March 31, 2026, we have yet to achieve profitable operations, and while we hope to achieve profitable operations in the future, if not, we may need to raise capital from stockholders or other sources to sustain operations and to ultimately achieve viable operations. These factors raise substan…

• To continue operations for the next 12 months, exclusive of the Texas property acquisition, we estimate a cash need of approximately $1,000,000. In addition, the Company is obligated under the Purchase and Sale Agreement, as amended by the First Amendment dated April 13, 2026, to pay $7,000,000 in c…

• Net cash used in operating activities was $422,059 for the three months ended March 31, 2026, primarily as a result of our net loss of $1,066,516 change in fair value of derivative liabilities of $113,396, gain on debt extinguishment of $9,820, amortization of debt discount of $462,049, and net chan…