An arbitrary file upload issue exists due to missing file type validation within the `piotnetforms ajax form builder()` function. The software employs an incomplete extension blacklist that blocks only php, phpt, php5, php7, and exe extensions, while permitting dangerous extensions such as .phar or .phtml. This allows unauthenticated attackers to upload arbitrary files to the server, potentially leading to remote code execution. This issue is only exploitable if a file field has been added to the form.