Company – Scrape Financial

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Risk Factors Summary

Risk Factors Update Summary

  • Government programs, from which we derived approximately 98% of our sales in fiscal 2024, may face funding reductions. This change might result in decreased revenue opportunities.
  • The Company has identified a material weakness in its internal control over financial reporting for the fiscal year ended April 30, 2024. This could lead to future misstatements in financial statements.
  • The Company believes it can remediate the identified material weakness by April 30, 2025. Failure to do so may result in new material weaknesses in internal controls.

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=39020&owner=exclude

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