What changed in this filing

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Item 1A. Risk Factors

2022-11-09 compared with 2022-08-09 · 12 added, 30 removed, 36 unchanged (54% of the section changed)

RISK FACTORS.

addition to the information set forth under Item 1A of Part I to our Annual Report on Form 10-K for the year ended December 31, 2021,

12 unchanged sentences

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

net losses of approximately $22 million for the quarter ended June 30, 2022.

As of June 30, 2022, we had net working capital of approximately

$86 million and an accumulated deficit of approximately $279 million.

net losses of approximately $26 million for the quarter ended September 30, 2022 and approximately $63 million for the nine months ended

September 30, 2022.

As of September 30, 2022, we had net working capital of approximately $64 million and an accumulated deficit of approximately

$306 million.

We have not yet achieved profitability.

17 unchanged sentences

in equipment orders from our contract manufacturer.

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

As federal, state, local and foreign economies have reopened and returns to pre-pandemic

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

1 unchanged sentence

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.

War, terrorism, other acts of violence or natural

or man-made disasters may affect the markets in which the Company operates, the Company’s customers, and could have a material adverse

impact on our business, results of operations, or financial condition.

The Company’s business may

be adversely affected by instability, disruption or destruction in a geographic region in which it operates, regardless of cause, including

war, terrorism, riot, civil insurrection or social unrest, and natural or man-made disasters, including famine, flood, fire, earthquake,

storm or pandemic events and spread of disease.

Such events may cause customers to suspend their decisions on using the Company’s

services, make it impossible for us to render our services, cause restrictions, and give rise to sudden significant changes in regional

and global economic conditions and cycles.

These events also pose significant risks to the Company’s personnel and to physical facilities

and operations, which could materially adversely affect the Company’s financial results.

Further, the current Russia-Ukraine

conflict has created extreme volatility in the global financial markets and is expected to have further global economic consequences,

including disruptions of the global supply chain and energy markets and heightened volatility of commodity food prices.

Any such volatility

or disruptions may have adverse consequences on us or the third parties on whom we rely.

If the equity and credit markets deteriorate,

including as a result of political unrest or war, it may make any necessary debt or equity financing more difficult to obtain in a timely

manner or on favorable terms, more costly or more dilutive.

Our business, financial condition and results of operations may be materially

and adversely affected by any negative impact on the global economy, capital markets or commodity food prices resulting from the conflict

in Ukraine or any other geopolitical tensions

Additionally, other recent macroeconomic events including rising inflation, slowing economic growth, changes

and foreign government monetary policies, supply chain disruptions, fluctuations in currency exchange rates and the Russian invasion

of Ukraine have led to further economic uncertainty.

As a result, we

are unable to predict the ultimate impact of continuing equipment order delays, chip shortages, the impact of other economic conditions

and continuous presence of Covid-19 will have on our business and our future results of operations, financial position and cash flows.

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