Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • International conflicts have increased, impacting global financial markets and economic consequences.
  • Labor costs influenced by collective bargaining agreements, with changes affecting cost structures.
  • Identified material weakness in internal control over financial reporting could impair financial statement accuracy.
  • Genesis contributed 10.9%, 10.0%, and 10.8% of total consolidated revenues for 2023, 2022, and 2021.
  • Concentration of customers in healthcare exposes business to economic downturns and increased operating costs.
  • Changes in tax laws impacting services could lead to adverse financial impacts if not passed through.
  • Accounts receivable and notes receivable from Genesis were $36 million and $20.4 million, respectively.

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=731012&owner=exclude

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