Note 6 – LightSolver Technology License Termination

On June 26, 2026, the Company provided notice of its intention to terminate the Technology License and Development Agreement, dated as of September 2, 2025 (the “License Agreement”), by and among LightSolver, LPU Holdings LLC (“LPU”), a wholly owned subsidiary of the Company, and, solely with respect to certain provisions of the License Agreement, the Company, effective as of June 26, 2026. The License Agreement had granted LPU an exclusive license (the “Exclusive License”) to use and commercialize LightSolver’s proprietary laser processing hardware units and related proprietary technology for cryptocurrency mining applications, which the Company had determined to be an indefinite-lived intangible asset not subject to amortization. In connection with the Termination, LPU was automatically and immediately relieved from its obligation to make any additional milestone payments to LightSolver, and LightSolver has no right to receive any further contingent consideration thereunder. As a result of the Termination, the Company recorded an impairment charge with respect to the Exclusive License, which is reflected as “Impairment of Technology License” within the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2026.