Risk Factors Update Summary
- The company may face challenges entering new lines of business due to insufficient expertise and resources.
- A significant increase in the level of allowance for loan credit losses could impact financials.
- The company's ACL may prove insufficient to absorb potential losses in the loan portfolio.
- The company's ALL requires significant estimates and assumptions, subject to material changes.
- The company's strategic programs generated approximately $49 million in revenues in 2022.
- The company's strategic programs with annual revenues of approximately $25 million may face risks.
- The company's directors and executive officers beneficially owned approximately 22% of issued shares.
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=1856365&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.