Risk Factors Update Summary
- Revenues from Employee Retention Tax Credits (ERTC) may not continue beyond 2024. This could significantly impact future revenue.
- A significant increase in net loss from continuing operations from $9 million to $14 million.
- Accumulated deficit increased from $281 million to $290 million, impacting financial condition.
- Total stockholders' equity increased from $145 million to $191 million, indicating financial changes.
- New privacy legislation in various states, including Virginia, may increase compliance burden.
- Adoption of Anti-Money Laundering Policy to detect fraud and comply with regulatory changes.
- Failure to develop enhancements and new features may adversely affect business and financial condition.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=884144&owner=exclude
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