{"url_path":"/sec/ugro/10-q/2026/item-3","section_key":"item-3","section_title":"Item 3 DEFAULTS UPON SENIOR","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/1706524/0001213900-26-059249-index.html","accession_number":"0001213900-26-059249","cik":"0001706524","ticker":"UGRO","issuer_name":"Flash Sports & Media Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1706524/0001213900-26-059249-index.html","primary_entity_key":"0001706524","primary_entity_name":"urban-gro, Inc."},"word_count":123,"has_tables":true,"body_markdown":"**ITEM 3. DEFAULTS UPON SENIOR\nSECURITIES**\n\n \n\nAs described in Note 7 — Debt and Note 13 — Commitments\nand Contingencies, the Grow Hill, LLC secured term loan ($1.4M) was settled in April 2026 in connection with the assignment of the loan\nto Hudson Global Ventures, LLC and the related forbearance and exchange transactions, and the related Colorado litigation was dismissed\n(see Note 14 — Subsequent Events). The J Brothers LLC settlement note ($0.3M) matured on March 18, 2026 and remains unpaid; the\nnoteholder has not delivered a notice of default and the Company is in discussions regarding a payment plan or conversion of the balance\ninto equity. Both of these obligations relate to our Legacy CEA Operations and are reflected within discontinued operations."}