What changed in this filing

/stocks — the workspaceLOADING

Item 1A. Risk Factors

2022-05-10 compared with 2021-11-12 · 26 added, 32 removed, 21 unchanged (73% of the section changed)

4 unchanged sentences

prevent us from achieving our goals.

If any of these risks actually occur, our business, financial condition or results of operation

may be materially and adversely affected.

In such case, the trading price of our common stock could decline and investors could lose

all or part of their investment.

These risk factors may not identify all risks that we face and our operations could also be affected

by factors that are not presently known to us or that we currently consider to be immaterial to our operations.

If any of these risks actually occur, our business, financial condition or results of

operation may be materially and adversely affected.

In such case, the trading price of our common stock could decline and

investors could lose all or part of their investment.

These risk factors may not identify all risks that we face and our operations could

also be affected by factors that are not presently known to us or that we currently consider to be immaterial to our operations.

have a history of substantial net losses and expect losses to continue in the future;

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have experienced substantial net losses, and we expect to continue to incur substantial losses for the foreseeable future.

net losses of approximately $15,000 for the quarter ended September 30, 2021.

As of September 30, 2021, we had net working capital

of approximately $187,000 and an accumulated deficit of approximately $223,000.

net losses of approximately $15 million for the quarter ended March 31, 2022.

As of March 31, 2022, we had net working capital of approximately

$161 million and an accumulated deficit of approximately $258 million.

We have not yet achieved profitability.

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Unless such cash flow levels are achieved, we may need to borrow

funds or sell our debt or equity securities, or some combination of both, to provide funding for our operations.

Such additional funding

may not be available on commercially reasonable terms, or at all.

business and results of operations will be, and our financial condition may be, impacted by the ongoing presence of Covid-19 and such

impact is uncertain.

global spread of the novel coronavirus (Covid-19) and multiple Covid-19 variants has created significant volatility, uncertainty and

economic disruption.

The extent to which the coronavirus pandemic will continue to impact our business, operations and financial results

is uncertain and will depend on numerous evolving factors that we may not be able to accurately predict, including:

duration and scope of the pandemic;

● governmental,

business and individual actions taken in response to the pandemic and the impact of those

actions on national and global economic activity;

actions taken in response to economic disruption;

impact of business disruptions and reductions in employment levels on our customers and the

resulting impact on their demand for our EV charging equipment and related services;

increase in business failures among businesses that we serve and with which we collaborate;

customers’ ability to pay for our EV charging equipment and related services;

ability to provide our EV charging equipment and related services, including as a result

of our employees or our customers working remotely and/or closures of offices and facilities;

in the supply of computer chips and raw materials

of these factors could cause or contribute to the risks and uncertainties identified in our Annual Report on Form 10-K for the year ended

December 31, 2020 and could materially adversely affect our business, financial condition and results of operations.

additional funds or sell our debt or equity securities, or some combination of both, to provide funding for our operations.

Such additional

funding may not be available on commercially reasonable terms, or at all.

are unable to predict the ultimate impact of continuing equipment order delays, chip shortages and presence of Covid-19 on our business

and future results of operations, financial position and cash flows.

Covid-19 pandemic has impacted global stock markets, economies and businesses.

We continue to receive orders for our products, although

some shipments of equipment have been temporarily delayed.

The global chip shortage and supply chain disruption has caused some delays

in equipment orders from our contract manufacturer.

As federal, state, local and foreign economies are beginning to return to pre-pandemic

levels, we expect demand for charging station usage to increase;

however, we are unable to predict the extent of such recovery due to

the uncertainty of the possible recurrence or spread of Covid-19 and its variants.

As a result, we are unable to predict the ultimate

impact that continuing equipment order delays, chip shortages and presence of Covid-19 will have on our business and our future results

of operations, financial position and cash flows.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

2 unchanged sentences

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 1A. Risk Factors