Risk Factors Update Summary
- Operating losses decreased from $17,753,838 to $2,034,435 in 2023, a significant improvement.
- Gross profit from software sales may be adversely affected, especially after software sales decline.
- Dependence on computing infrastructure reduced, with software sales no longer a significant part.
- Transition from products to services in contracts to mitigate risks of copying.
- Increased focus on cybersecurity incidents and privacy risks, with emphasis on losses.
- Shift in service offerings from products and subscriptions to expand operations and competitiveness.
- Emphasis on expanding business and customer base to drive revenue growth and success.
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=803578&owner=exclude
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