Risk Factors Update Summary
- Anticipate needing additional funding for operations, expecting net cash flow used to decrease from $6.0 million to $3.0 million.
- Increase in outstanding shares from 306 million to 881 million may impact stock price.
- Shift from 63% to 45% export sales outside the U.S. could affect total sales.
- Expansion of E-Commerce platform may expose company to online security breaches and cyberattacks.
- Quality management crucial for preventing defects and maintaining customer confidence to avoid adverse effects.
- Reliance on third parties for product supply may lead to fluctuations in price and availability.
- Potential dilution of ownership as Leonard Osser and Gian Domenico Trombetta control 20% of 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=855683&owner=exclude
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