Risk Factors Update Summary
- Net Operating Loss carryforwards decreased from $124 million to $87 million for U.S. federal income tax.
- Cybersecurity threats may lead to adverse consequences including financial loss, reputational harm, and operational interruptions.
- Change in LIBOR reference rate from 64% to 18% for term loans with partner companies.
- Received net proceeds of approximately $31 million from the offering of the Notes.
- Credit facility increased from $45.0 million to $60.0 million with Woodforest National Bank added as a lender.
- Funds affiliated with Carlson increased ownership from 70% to 73% of issued common stock.
- Completed a public offering of $30.0 million of 9.00% Senior Notes due 2027.
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=1089907&owner=exclude
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