Note 18 – Subsequent events

Management evaluated subsequent events through the date these financial statements were issued and concluded that no events subsequent to September 30, 2025 have occurred that would require recognition or disclosure, except as noted below.

Subsequent to quarter end, between October 1, 2025, and November 11, 2025, our Chief Executive Officer, Chet Billingsley, purchased 188,000 shares of the Company’s common stock on the open market at an average price of $0.107 per share. Such share purchases are reported on Form 4s filed with the Securities and Exchange Commission within two business days of the transaction date in accordance with Section 16(a) of the Securities and Exchange Act of 1934.

Subsequent to quarter end, as of October 30, 2025, the Company has received a total of $18,244 in royalty interest payments, gross, which, after payment of $884 in severance taxes paid by the Company, were $17,360, which represents a portion of royalty income earned by the Company in August 2025. The Company will continue to closely monitor initial royalty payments until all operators have completed the setup of their recurring payments to Mentor.