Risk Factors Update Summary
- Inflation may affect our ability to target new customers and keep existing customers engaged. This may result in reduced discretionary spending by users.
- Increased inflation may lead to higher operating costs, reduced liquidity, and limitations on accessing credit.
- The company's goodwill and other intangible assets decreased from $6.3 million and $3 million to $2.7 million.
- The number of shares of common stock issuable upon exercise decreased from approximately 792 million to 550 million.
- The number of outstanding shares of common stock decreased from 9,864,222 to 9,120,157 shares.
- The company's Chairman and largest stockholder beneficially owned 38% of outstanding common stock, reduced to 26%.
- The company's historical market prices experienced extreme volatility, impacting stockholders' investments.
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=1355839&owner=exclude
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