UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K/A

Amendment No. 1

(Mark One)

For the fiscal year ended: December 29, 2024

Commission file number: 333-233233

Securities registered under Section 12(b) of the Exchange Act

Registrant’s telephone number, including area code: (307) 274-3055 

Securities registered under Section 12(b) of the Exchange Act:

None 

Securities registered under Section 12(g) of the Exchange Act:

Common Stock, par value $0.002 per share

(Title of Class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☐ Yes   ☒ No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. ☐ Yes   ☒ No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes   ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes   ☐ No

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.:

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 17(a)(2)(B) of the Securities Act. ☐

Indicate by check mark whether the registrant has filed a report on an attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes   ☒ No

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐                

 As of June 30, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant was $8,079,516.

At March 15, 2025, there were 6,154,724 shares of common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

None

EXPLANATORY NOTE

The revisions to the Original Filing encompass the following items in the Financial Statements:

1.CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

Correction of Presentation Related to Treasury Shares

In the Original Filing, a typographical error within the row titled “treasury stock purchases” resulted in the omission of parentheses intended to indicate a subtraction of 91,394 treasury shares from the total outstanding shares as of December 29, 2024. The number of shares outstanding on the consolidated statement of shareholders’ equity, therefore, was incorrect. The correct number of 6,154,724 shares outstanding was disclosed on the consolidated balance sheets and is unchanged; the absence of parentheses may have caused confusion regarding whether the treasury shares had been deducted.

The corrected Consolidated Statement of Shareholders’ Equity has been revised as follows:

This correction is presentational only and does not affect any financial amounts on the consolidated statements, loss per share calculations, or other disclosures in the Original Filing.

2. BALANCE SHEET

Correction to Number of Shares Issued

Additionally, the Company is revising the previously reported number of issued shares presented within the caption for common stock as issued on the consolidated balance sheet, decreasing the number of issued shares by 606 shares at the end of fiscal 2023 and 2024. The Original Filing incorrectly reported 6,461,724 shares issued; the correct number of 6,461,118 shares is reflected in this Amendment No. 1. This correction reflects the accurate total number of shares issued per the transfer agent’s records. This correction does not impact any previously reported financial results, loss per share, or cash flow information.

Given that the corrections to the financial statements filed with the Original Filing outlined above do not impact any previously reported financial results, loss per share, or cash flow information, we are not filing the corrected financial statements with this Amendment No. 1.

This Amendment speaks as of the filing date of the Original Filing and does not reflect events occurring after the filing date of the Original Filing or modify or update any disclosures that may be affected by subsequent events. Except as described above, no other changes have been made to the Original Filing. Among other things, forward-looking statements made in the Original Filing have not been revised to reflect subsequent events that occurred or facts that became known to us after the filing of the Original Filing, and such forward-looking statements should be read in their historical context. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Filing.

Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, new certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are filed with this Amendment. Paragraphs 3, 4, and 5 of the certifications have been omitted since no financial statements have been included in this Amendment and it does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K.

Item 15. Exhibits, Financial Statement Schedules.

(3) Exhibits 

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities and Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.