Liquidated Damages Payable

12 Months Ended

Dec. 31, 2025

During the year ended December 31, 2023, liquidated damages were recorded as a result of the following: (i) certain registration rights agreements that provide for damages if the Company does not register certain shares of the Company’s common stock within the requisite time frame (the “Registration Rights Damages”); and (ii) certain securities purchase agreements that provide for damages if the Company does not maintain its periodic filings with the SEC within the requisite time frame (the “Public Information Failure Damages”).

Obligations with respect to the liquidated damages payable are summarized as follows:


	As of December 31, 2025
	Registration Rights Damages		Public Information Failure Damages		Accrued Interest		Balance
MDB common stock to be issued (1)	$	15	$	–	$	–	$	15
Series H convertible preferred stock	567		574		933		2,074
Convertible debentures (2)	–		144		106		250
Series J convertible preferred stock (2)	152		152		201		505
Series K convertible preferred stock (2)	166		70		455		691
Total	$	900	$	940	$	1,695	$	3,535

(1)Consists of shares of common stock issuable to MDB Capital Group, LLC (“MDB”).

(2)Represents previously issued and converted debt or equity securities.


	As of December 31, 2024
	Registration Rights Damages		Public Information Failure Damages		Accrued Interest		Balance
MDB common stock to be issued (1)	$	15	$	–	$	–	$	15
Series H convertible preferred stock	566		574		796		1,936
Convertible debentures (2)	–		144		89		233
Series J convertible preferred stock (2)	152		152		165		469
Series K convertible preferred stock (2)	166		70		341		577
Total	$	899	$	940	$	1,391	$	3,230

(1)Shares of common stock issuable to MDB.

(2)Represents previously issued and converted debt or equity securities.

During the years ended December 31, 2025 and 2024, the Company recorded accrued interest on the liquidated damages payable of $305 and $306, respectively.

As of December 31, 2025 and 2024, the short-term liquidated damages payable was $3,535 and $3,230, respectively. The Company will continue to accrue interest on the liquidated damages payable balance at 1.0% per month based on the balance outstanding as of December 31, 2025, or $3,535, until paid. There is no scheduled date when the unpaid liquidated damages become due. The Series K convertible preferred stock remains subject to Registration Rights Damages and Public Information Failure Damages, which will accrue in certain circumstances, limited to 6% of the aggregate amount invested.