Item 1A. Risk Factors
ITEM
1A. RISK FACTORS
War,
terrorism, other acts of violence or natural or man-made disasters, including a global pandemic, may affect the markets in which
the Company operates, the Company’s customers, the Company’s delivery of products and customer service, and could
have a material adverse impact on our business, results of operations, or financial conditions.
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, food, fire, earthquake, storm or pandemic events and spread of disease (including the ongoing outbreak of the
coronavirus commonly referred to as “COVID-19”). Such events may cause customers to suspend their decisions on using
the Company’s products and services, make it impossible to attend or sponsor trade shows or other conferences in which our
products and services are presented to customers and potential customers, cause restrictions, postponements and cancellations
of events that attract large crowds and public gatherings such as trade shows at which we have historically presented our products,
and give rise to sudden significant changes in regional and global economic conditions and cycles that could interfere with purchases
of goods or services, commitments to develop new products. These events also pose significant risks to the Company’s personnel
and to physical facilities, transportation and operations, which could materially adversely affect the Company’s financial
results.
As
a result of the ongoing COVID-19 global pandemic, there is a risk related to modification of the traditional classroom setting
that may result in reduced demand for our classroom solutions, including reduced demand for our interactive displays due to extended
or indefinite distance and digital learning.
There
is also a risk of reduced borrowing related to our purchase order financing facilities, as well as risk of inability to raise
additional capital.
ITEM
2. UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF PROCEEDS
None.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
Not
Applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.