Risk Factors Update Summary
- Strategic business plan may not achieve intended growth in revenue and operating income.
- Increase in owned utility patents from 25 to 36 and issued patents from 18 to 24.
- Material weakness in internal control over financial reporting identified, impacting timely reporting.
- Expansion needed in sales, marketing, and distribution operations for improved profitability.
- Potential risks associated with future litigation and claims have been acknowledged.
- Increase in issued/allowed patents from 7 to 12 and additional worldwide patent applications from 13 to 9.
- Failure to comply with license agreements could result in loss of important intellectual property rights.
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.
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