What changed in this filing

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Item 1A. Risk Factors

2021-05-13 compared with 2020-11-16 · 26 added, 21 removed, 2 unchanged (96% of the section changed)

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.

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

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.

is also a risk of reduced borrowing related to our purchase order financing facilities, as well as risk of inability to raise

additional capital.

UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF PROCEEDS

The Company has experienced

challenges within the global supply chain which has impacted the business in three key areas:

(i) movement and/or delay in production

schedules due to component shortages, (ii) continued delays to global shipping and receipt of goods and (iii) increased shipping costs

which has reduced gross profit margin.

In addition, there is presently a global silicon chip supply shortage that could potentially cause

disruptions in our supply chain.

While the Company’s business has not yet been affected by such disruption, in the event any of

our suppliers experience such supply chain disruption, there is potential that such disruption could ultimately affect our ability to

timely obtain and deliver finished goods and products.

additional risk factors pertinent our business please refer to the Part I Item 1A of the Company’s 2020 Annual Report on

Form 10-K, which is incorporated by reference herein.

RECENT SALES OF UNREGISTERED EQUITY SECURITIES

January 29, 2021, pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and Regulation D thereunder,

the Company issued 793,375 shares of Class A common stock to Amagic Holographics Inc., an affiliate of K Laser Technology Inc.

(“K Laser”) in exchange for cancellation of $1,983,436 in accounts payable owed by the Company to K Laser’s

March 24, 2021 we entered into a share redemption and conversion agreement with the former Sahara Presentation Systems PLC (“Sahara”)

shareholders.

Under the agreement, the Company has an option to redeem and purchase from such preferred stockholders on or before

June 30, 2021 all of the shares of Series B preferred stock for £11,508,495 (or approximately $15,876,084) being the stated

or liquidation value of the Series B preferred stock plus (b) accrued dividends from January 1, 2021 to the date of purchase.

In addition, the holders of 96% of the Series C preferred stock agreed to convert those shares into 7,630,699 shares of our Class

A Common Stock at a conversion price of $1.66 per share.

In the event that we do not complete the conversion and redemption by

June 30, 2021, and the Sahara shareholders do not agree to an extension, the redemption and conversion agreement will terminate

without liability by any party.

DEFAULTS UPON SENIOR SECURITIES

1 unchanged sentence

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