What changed in this filing

/stocks — the workspaceLOADING

Item 2. Unregistered Sales of Equity Securities

2022-08-09 compared with 2022-05-10 · 37 added, 14 removed, 3 unchanged (94% of the section changed)

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Sales of Equity Securities

of Equity Securities by the Issuer and Affiliated Purchasers

current and future debt financing arrangements may limit or prevent cash distributions from our subsidiaries to us, depending upon the

achievement of specified financial and other operating conditions and our ability to properly service our debt, thereby limiting or preventing

us from paying cash dividends.

the three months ended March 31, 2022 and 2021, we accrued an aggregate of $0.3 million in dividends on our Series B Cumulative Convertible

Preferred Stock, or Series B Preferred Stock.

We have paid these dividends in cash and are current in our quarterly dividend obligations.

have never declared or paid cash dividends on our common stock and do not currently intend to pay cash dividends on our common stock

in the foreseeable future.

We currently anticipate that we will retain any earnings for use in the continued development of our business.

holders of our outstanding Series B Preferred Stock are entitled to dividends of 7% per annum, payable quarterly.

Accrued and unpaid

dividends in respect of our Series B Preferred Stock must be paid prior to the payment of any dividends in respect of shares of our common

Unregistered Sales of Equity Securities

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

We granted to certain employees

shares of restricted stock under our 2016 Stock Incentive Plan pursuant to Restricted Stock Agreements dated and effective as of their

respective grant dates by and between us and those employees.

We were obligated to withhold

minimum withholding tax amounts with respect to vested shares of restricted stock and upon future vesting of shares of restricted stock

granted to our employees.

Each employee was entitled to pay the minimum withholding tax amounts to us in cash or to elect to have us withhold

a vested amount of shares of restricted stock having a value equivalent to our minimum withholding tax requirements, thereby reducing

the number of shares of vested restricted stock that the employee ultimately receives.

If an employee failed to timely make such election,

we automatically withheld the necessary shares of vested restricted stock.

For the three months ended

June 30, 2022, in connection with satisfying our withholding requirements, we withheld the following number of shares of our common stock

and remitted cash payments to cover the minimum withholding tax amounts, thereby effectively repurchasing from the employees such number

of shares of our common stock at the following deemed purchase prices:

Number of Shares Withheld

Deemed Purchase Price Per Share

Aggregate Purchase Price

Our current and future debt

financing arrangements may limit or prevent cash distributions from our subsidiaries to us, depending upon the achievement of specified

financial and other operating conditions and our ability to properly service our debt, thereby limiting or preventing us from paying cash

For the three and six months ended June 30,

2022 and 2021, we accrued an aggregate of $0.3 million and $0.6 million, respectively, in dividends on our Series B Cumulative

Convertible Preferred Stock, or Series B Preferred Stock.

We have paid these dividends in cash and we are current in our quarterly

dividend obligations.

We have never declared or paid

cash dividends on our common stock and do not currently intend to pay cash dividends on our common stock in the foreseeable future.

currently anticipate that we will retain any earnings for use in the continued development of our business.

The holders of our outstanding

Series B Preferred Stock are entitled to dividends of 7% per annum, payable quarterly.

Accrued and unpaid dividends in respect of our

Series B Preferred Stock must be paid prior to the payment of any dividends in respect of shares of our common stock.

DEFAULTS UPON SENIOR SECURITIES.

Not applicable.

MINE SAFETY DISCLOSURES.

Not applicable.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Unregistered Sales of Equity Securities