3 unchanged sentences
“Legal Proceedings” of our Annual Report.
−Removed: Since the filing of our Annual Report, there have been no material changes in our legal proceedings from those disclosed therein.
+Added: Since the filing of our Annual Report, there have been no material changes in our legal proceedings from those disclosed therein, other than as noted below.
+Added: On May 21, 2026 and June 18, 2026, the Korean IP High Court issued decisions in our appeals of the Korean Intellectual Property Trial and Appeal Board invalidity rulings against the process and composition patents we asserted in Korea against Beerenberg Services AS, Beerenberg Korea Ltd., and Bronx (China) Co., Ltd.
+Added: The Court found our asserted process patent claims valid and our asserted composition patent claims invalid.
+Added: We disagree with the Court’s finding regarding our composition patents, which is subject to appeal to the Korean Supreme Court.
Ri sk Factors.
2 unchanged sentences
“Risk Factors” of our Annual Report.
−Removed: Since the filing of our Annual Report, there have been no material changes in our risk factors, other than as described below.
+Added: Since the filing of our Annual Report, there have been no material changes in our risk factors, other than as disclosed in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.
We may disclose changes to risk factors or additional risk factors from time to time in our future filings with the SEC.
−Removed: We are dependent on a single manufacturing facility located in East Providence, Rhode Island, as well as our third-party external manufacturing facility in China.
−Removed: Any significant disruption to these facilities or the failure of any of these facilities to operate according to our expectations could have a material adverse effect on our business and results of operations.
−Removed: We are reliant on a single manufacturing facility located in East Providence, Rhode Island, as well as our third-party external manufacturing facility in China, to meet customer demand.
−Removed: Our ability to meet customer demand depends on efficient, proper and uninterrupted operations at our East Providence facility and our external manufacturing facility in China.
−Removed: Accordingly, in the event of a significant disruption to our sole manufacturing facility or third-party external manufacturing facility in China, or breakdown of any production lines, we may not have sufficient inventory in stock to meet demand until the operations can be restored.
−Removed: In addition, power failures or disruptions, the breakdown, failure, or substandard performance of equipment, or the damage or destruction of buildings and other facilities due to fire or natural disasters could severely affect our ability to continue our operations.
−Removed: In the event of such disruptions, we are unlikely to find suitable alternatives or may not be able to make needed repairs on a timely basis and at reasonable cost, which could have a material adverse effect on our business and results of operations.
−Removed: In particular, our manufacturing processes include the use of high pressures, high temperatures, and flammable chemicals, which subject us to a significant risk of loss resulting from fire, spill, or related event.
−Removed: In January 2026, there was a fire at our manufacturing facility in East Providence, Rhode Island, which damaged one of our emissions control units and rendered it inoperable.
−Removed: Until the damaged emissions control unit is replaced, we are reliant on our one remaining emissions control unit, which is older and smaller than the damaged control unit, to continue manufacturing operations at our East Providence facility and to meet customer demand for certain of our products.
−Removed: Furthermore, on April 8, 2026, an explosion occurred at our manufacturing facility in East Providence, Rhode Island.
−Removed: The incident related to a high temperature oven and resulted in damage to a portion of the facility’s production space and temporary cessation of operations.
−Removed: As of May 8, 2026, the facility remains offline.
−Removed: We continue to work with the relevant authorities to execute a plan to resume operations.
−Removed: We expect that restart of operations at the manufacturing facility will be in stages and is dependent on the continued progress of mechanical, operational and safety reviews and our work with local and state agencies.
−Removed: To date, we believe we have mitigated any significant commercial impact of the disruption by working through inventory and by leveraging the capacity of our external manufacturing facility.
−Removed: However, our ability to continue to mitigate the impacts of the disruption assume that the staged restart of our East Providence manufacturing facility proceeds as we currently expect, and that we are able to continue to meet customer demand for our products through a combination of restored production in East Providence, production at our external manufacturing facility, and other efforts to mitigate the impact of the disruptions.
−Removed: If we are unable to resume normal operations at our manufacturing facility in East Providence in a timely manner or manufacture the full array of our products, it may impact our ability to meet customer demand, which could have a material adverse impact on our business, results of operations and financial condition.
−Removed: Even if we are successful in our mitigation efforts, if we experience increased customer demand, we may be unable to produce sufficient product to meet such increased customer demand, which could have a material adverse impact on our business, results of operations and financial condition.
−Removed: The insurance policies we maintain to cover losses caused by fire or natural disaster, including business interruption insurance, may not adequately compensate us for any such losses.
−Removed: Moreover, these insurance policies will not address the adverse impacts of any loss of customers that may result from such events and may have large deductibles insufficient to support our continuing operations.
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.