3 unchanged sentences
Evaluation of Disclosure Controls and Procedures
−Removed: The Company’s management, with the participation of the Company’s Chief Executive Officer (its principal executive officer) and Chief Financial Officer (its principal financial officer), have evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of March 31, 2025.
−Removed: Based on that evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that as of and for the period ended March 31, 2025, our disclosure controls and procedures were effective to provide assurance at a reasonable level that the information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures.
+Added: The purpose of disclosure controls is to provide assurance at a reasonable level that the information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures.
+Added: The Company’s management, with the participation of the Company’s Chief Executive Officer (its principal executive officer) and Chief Financial Officer (its principal financial officer), have evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of June 30, 2025.
+Added: Based on that evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that as of June 30, 2025, our disclosure controls and procedures were effective.
Our senior management is responsible for establishing and maintaining adequate internal control over financial reporting.
9 unchanged sentences
Management does recognize that without updated systems, the manual processes will allow for possible material weaknesses in the future.
−Removed: Notwithstanding the significant deficiencies described below, based on the Company's continued improvements in its accounting staff and processes described above, the Company's Chief Executive Officer and Chief Financial Officer evaluated our internal controls and concluded that as of and for the quarter ended March 31, 2025, they were effective, and that our consolidated financial statements included in this Quarterly Report on Form 10-Q fairly represent, in all material respects, our financial condition and results of operations as of and for the quarter ended March 31, 2025.
+Added: Notwithstanding the significant deficiencies described below, based on the Company's continued improvements in its accounting staff and processes described above, the Company's Chief Executive Officer and Chief Financial Officer evaluated our internal controls and concluded that as of June 30, 2025, they were effective, and that our consolidated financial statements included in this Quarterly Report on Form 10-Q fairly represent, in all material respects, our financial condition and results of operations as of and for the quarter ended June 30, 2025.
Outlined below are the significant deficiencies identified by management, along with the remedial actions planned.
16 unchanged sentences
Changes in Internal Control over Financial Reporting
−Removed: Other than the matters set forth above, there were no changes in our internal control over financial reporting identified in management’s evaluation pursuant to Rules 13a-15(d) or 15d-15(d) of the Exchange Act during the quarter ended March 31, 2025 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: Other than the matters set forth above, there were no changes in our internal control over financial reporting identified in management’s evaluation pursuant to Rules 13a-15(d) or 15d-15(d) of the Exchange Act during the quarter ended June 30, 2025 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
PART II – OTH ER INFORMATION
Legal Proc eedings.
−Removed: For a description of developments to legal proceedings during the three months ended March 31, 2025, see “Litigation” under Note 16, Commitments and Contingencies, to our consolidated financial statements.
+Added: From time to time, we may become involved in legal proceedings and claims arising in the ordinary course of business, including but not limited to, disputes in the areas of contracts, data protection, content regulation, intellectual property, consumer protection, e-commerce, marketing, advertising, rights of publicity, health and safety, employment and labor, competition, and taxation.
+Added: We record a liability when we believe that it is probable that we will incur a loss, and the amount of that loss can be reasonably estimated.
+Added: On July 11, 2023, Ladenburg Thalmann & Co.
+Added: (“Ladenburg”) filed an action against the Company for breach of contract in the United States District Court for the Southern District of Florida (the “District Court”), Case No.
+Added: 9:23-cv-81019-AMC.
+Added: Ladenburg alleges that it entered into an Investment Banking Agreement (the “Agreement”) with the Company on September 1, 2020.
+Added: According to Ladenburg, that Agreement provided that Ladenburg would be the exclusive investment advisor and banker for the Company.
+Added: Ladenburg alleges that the Agreement entitles them to a fee for any financing transactions (debt financing or merger and acquisition transactions) that the Company engages in during the term of the contract.
+Added: In April 2023, the Company informed Ladenburg of the impending acquisition of Big Village Insights, Inc.
+Added: and Big Village Agency, LLC (together, the "Big Village Acquisition").
+Added: Ladenburg now seeks $1.5 million, plus interest, costs and attorneys’ fees and expenses as a result of that acquisition and debt financing, claiming that it is entitled to a fee.
+Added: The Company disputes the allegations and disputes that Ladenburg is entitled to receive any fee since it did not perform any work pertaining to such acquisition.
+Added: On November 27, 2024, the District Court entered a judgment in favor of Ladenburg and against the Company granting damages of $1.7 million to Ladenburg.
+Added: On December 26, 2024, the Company filed a motion with the District Court requesting that the District Court reconsider its judgment.
+Added: This motion was denied on January 30, 2025.
+Added: On May 9, 2025, the Company appealed to the United States Court of Appeals for the Eleventh Circuit.
+Added: Ladenburg filed a response on July 9, 2025.
+Added: The Company has until August 29, 2025 to reply to the response.
+Added: Upon our response, the matter will be fully briefed for the appellate court.
+Added: The outcome of this matter is not determinable as of the date of issuance of these consolidated financial statements.
+Added: Other Litigation
+Added: Other litigation is defined as smaller claims or litigation that are neither individually nor collectively material.
+Added: It does not include lawsuits that relate to collections.
+Added: The Company is party to various other legal proceedings that arise in the ordinary course of business, separate from normal course accounts receivable collections matters.
+Added: Due to the inherent difficulty of predicting the outcome of these other legal proceedings, the Company cannot predict the eventual outcome of these matters, and it is reasonably possible that some of them could be resolved unfavorably to the Company.
+Added: As a result, it is possible that the Company’s results of operations or cash flows in a particular fiscal period could be materially affected by an unfavorable resolution of pending litigation or contingencies.
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.