Risk Factors Update Summary
- Investment in Freedom VCM and Brian Kahn's relationship may adversely affect business, reputation, and stock price.
- Identified material weaknesses in internal controls over financial reporting, exposing to risks and uncertainties.
- Completed FRG take-private transaction, leading to adverse impacts on business, operations, and reputation.
- Net operating loss increased from $406 million in 2022 to $420 million in 2023.
- Identified material weaknesses in internal controls and disclosure controls, impacting financial statements' accuracy.
- Decrease in dividend payment from $1.00 per share to $0.50 per share in the first quarter of 2024.
- Increase in market interest rates may decrease the value of senior notes and raise future borrowing costs.
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=1464790&owner=exclude
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