Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Executive officers, directors, and insiders significantly reduced beneficially owned shares from 935 to 229.
  • Ownership of Common Stock by insiders decreased from 38% to 36%.
  • A prolonged economic downturn could adversely affect financial condition, results of operations.
  • Increased costs due to public company operations may impact net income and require cost reductions.
  • Compliance with new regulations may lead to substantial costs and impact business operations.
  • Increased legal and financial compliance costs may decrease net income and require cost reductions.
  • Difficulty and expense in obtaining director and officer liability insurance may impact operations.

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=1419275&owner=exclude

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