NOTE 19 – SUBSEQUENT EVENTS

On April 1, 2026, Douglas Recker was appointed Chief Executive Officer of the Company. In connection with his appointment, Charles Ferry resigned as Chief Executive Officer of the Company. Mr. Ferry continues to serve as a member of the Company’s Board of Directors and remains Chief Executive Officer of New APR Energy, LLC, in which the Company holds a 5% equity interest. In connection with Mr. Ferry’s resignation, the Company and Mr. Ferry amended and restated the Equity Award Agreement originally entered into on January 1, 2025 (the “Original Agreement”). Under the Original Agreement, Mr. Ferry had been granted 552,889 shares of the Company’s common stock pursuant to the Company’s 2021 Equity Incentive Plan, as amended, subject to a three-year cliff vesting schedule with vesting on December 31, 2027. The Original Agreement provided that the shares would be forfeited if Mr. Ferry ceased employment with the Company prior to the vesting date or upon the occurrence of certain other specified events. Pursuant to the amended and restated agreement, the number of shares subject to the award was reduced to 261,445 shares. The vesting date of December 31, 2027 remains unchanged; however, vesting is now conditioned upon Mr. Ferry’s continued service as a member of the Company’s Board of Directors through the vesting date. All other material terms of the award remain unchanged. In accordance with the Company’s accounting policy to recognize forfeitures as they occur, previously recognized compensation expense related to the forfeited portion will be reversed in the period of forfeiture.

On May 1, 2026, a former consultant completed a cashless exercise of stock options and received 17,756 shares of the Company’s common stock upon exercise of 33,334 stock options.

In connection to the GPU as a service arrangement with Hydra Host, the Company received a $15 Million prepayment deposit from the single customer on May 1, 2026. The deposit will be amortized as revenue over the term of the project, 3 years, once services begin. The customer prepayment will be used to fund the initial investment of the GPU servers and related services.

On May 5, 2026, a former employee exercised options to purchase 10,104 shares and the Company received proceeds in the amount of approximately $57,000. The exercise was made pursuant to the Company’s 2021 Equity Incentive Plan and was conducted in accordance with the applicable terms of the plan and the individual award