The company has 42.6 months of cash left based on the quarterly cash burn of $3.40 M and estimated current cash of $48.33 M

The company is experiencing financial challenges, as evidenced by recurring net losses and a significant operating loss of $236,222 for the fiscal year ended December 28, 2024. The company also has a substantial total deficit of $1,114,372 and long-term debt of $1,430,643. Despite these challenges, the company believes it has sufficient liquidity to meet its obligations for at least the next twelve months, relying on cash flows from operations, cash on hand, and borrowings under its Revolving Credit Facility. However, beyond this period, the company acknowledges that if it does not successfully strengthen its balance sheet, its financial condition could be adversely impacted. The company is actively evaluating its capital structure to reduce leverage and interest expenses. Filed At: 2025-02-28