What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2020-11-04 compared with 2020-08-05 · 197 added, 165 removed, 407 unchanged (47% of the section changed)

4 unchanged sentences

Prepaid expense

Total current

Total current assets

Other assets:

equipment, net

Property and equipment, net

Total other assets

3 unchanged sentences

Accrued compensation

Convertible notes

Total current

Convertible notes payable, net

Total current liabilities

Stockholders’

3 unchanged sentences

Series B Convertible Preferred stock:

0 shares issued and outstanding at June 30, 2020 and December 31, 2019;

0 shares issued and outstanding at September 30, 2020 and December 31, 2019;

Liquidation preference $0.001 per share

Series C-1 Convertible Preferred stock:

29,414 shares issued and outstanding at June 30, 2020 and December 31, 2019;

29,414 shares issued and outstanding at September 30, 2020 and December 31, 2019;

Liquidation preference $0.001 per share

Common stock, 975,000,000 shares authorized

at $0.001 par value, 28,191,377 and 19,831,521 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively

Common stock, 975,000,000 shares authorized at $0.001 par value, 33,045,393 and 19,831,521 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively

Additional paid in capital

4 unchanged sentences

equity (deficit)

Liabilities and stockholders’

Total Liabilities and stockholders’

equity (deficit)

2 unchanged sentences

the three months ended

the six months ended

the nine months ended

and administrative

3 unchanged sentences

other expenses

$ (1,005,324 )

$ (1,795,897 )

dividend related to reduction of warrant strike price

loss attributable to common stockholders

$ (1,005,324 )

$ (1,795,897 )

$ (1,007,486 )

loss per share attributable to common stockholders, basic and diluted

3 unchanged sentences

(Deficit) Equity

the Three Months Ended June 30, 2020

the Three Months Ended September 30, 2020

Series C-1 Convertible

Preferred Stock

Stockholders’

Balance March 31, 2020

(Deficit) Equity

Balance June 30, 2020

$ 117,808,716

1 unchanged sentence

Common stock issued including equity commitment fee, net

Conversion of convertible notes

Beneficial conversion features associated with convertible notes

Balance June 30, 2020

Balance September 30, 2020

$ 118,633,142

$ (118,779,690 )

the Three Months Ended June 30, 2019

the Three Months Ended September 30, 2019

Series C-1 Convertible

Preferred Stock

Stockholders’

Balance March 31, 2019

Balance June 30, 2019

$ 115,984,824

1 unchanged sentence

Common stock issued including equity commitment fee, net

Fractional shares adjusted for reverse split

Balance June 30, 2019

Conversion of convertible notes

Beneficial conversion features associated with convertible notes payable

Balance September 30, 2019

$ 116,647,537

$ (116,254,970 )

accompanying notes are an integral part of these unaudited condensed financial statements.

of Changes in Stockholders’

(Deficit) Equity

the Six Months Ended June 30, 2020

the Nine Months Ended September 30, 2020

Series C-1 Convertible

Preferred Stock

Stockholders’

(Deficit) Equity

Balance December 31, 2019

3 unchanged sentences

Conversion of convertible notes

Beneficial conversion features associated with convertible notes

Balance June 30, 2020

Beneficial conversion features associated with convertible notes payable

Balance September 30, 2020

$ 118,633,142

$ (118,779,690 )

the Six Months Ended June 30, 2019

the Nine Months Ended September 30, 2019

Series C-1 Convertible

Preferred Stock

Stockholders’

(Deficit) Equity

Balance December 31, 2018

2 unchanged sentences

Common stock issued including equity commitment fee, net

Conversion of convertible notes

Beneficial conversion features associated with convertible notes payable

Fractional shares adjusted for reverse split

Warrant exercise

Balance June 30, 2019

Balance September 30, 2019

$ 116,647,537

2 unchanged sentences

Statements of Cash Flows

For the six months ended

For the nine months ended

September 30,

Net Cash flows used from operating activities:

$ (1,795,897 )

Adjustments to reconcile net loss to net cash used in operating activities:

2 unchanged sentences

Purchase of digital currencies

Realized (loss) gain on digital currencies transactions

Impairment loss on digital currencies

14 unchanged sentences

Conversion of convertible note to common stock

Exchange of promissory note and accrued interest into convertible note

Fractional shares adjusted for reverse split

6 unchanged sentences

In February 2014,

the Company entered the business of hosting an online ecommerce marketplace where consumers can purchase merchandise using Digital

Assets, including bitcoin and is currently focused on blockchain and digital currency ecosystems.

In January 2015, the Company

began a rebranding campaign using its BTCS.COM domain (shorthand for Blockchain Technology Consumer Solutions) to better reflect

its broadened strategy.

the Company entered the business of hosting an online ecommerce marketplace where consumers could purchase merchandise

using Digital Assets, including bitcoin and is currently focused on blockchain and digital currency ecosystems.

In January 2015,

the Company began a rebranding campaign using its BTCS.COM domain (shorthand for Blockchain Technology Consumer Solutions) to

better reflect its broadened strategy.

The Company released its new website which included broader information on its strategy.

we shifted our focus towards our transaction verification service business, also known as bitcoin mining, though in mid-2016 we

ceased our transaction verification services operation at our North Carolina facility due to capital constraints.

to additional financing, the Company plans to acquire additional Digital Assets to provide investors with indirect ownership of

Digital Assets that are not securities, such as bitcoin and ether.

The Company intends to acquire Digital Assets through open

market purchases.

We are not limiting our assets to a single type of Digital Asset and may purchase a variety of Digital Assets

that appear to benefit our investors, subject to the certain limitations regarding Digital Securities.

The Company is also seeking

to acquire controlling interests in businesses in the blockchain industry.

In late 2014 we shifted our focus towards our transaction verification service business, also known as bitcoin mining, though

in mid-2016 we ceased our transaction verification services operation at our North Carolina facility due to capital constraints.

Company acquires Digital Assets to provide investors

with indirect ownership of Digital Assets that are not securities, such as bitcoin and ether.

The Company acquires Digital

Assets through open market purchases.

We are not limiting our assets to a single type of Digital Asset and may purchase a variety

of Digital Assets that appear to benefit our investors, subject to the certain limitations regarding Digital Securities.

is also seeking to acquire controlling interests in businesses in the blockchain industry.

Company has not participated in any initial coin offerings as it believes most of the offerings entail the offering of Digital

38 unchanged sentences

working capital needs are influenced by our level of operations, and generally decrease with higher levels of revenue.

used approximately $1,115,000 of cash in its operating activities for the six months ended June 30, 2020.

used $1,663,889 of cash in its operating activities for the nine months ended September 30, 2020.

The Company incurred $1,795,897

approximately $790,000 net loss for the six months ended June 30, 2020.

The Company had cash of approximately $84,000 and working

capital of approximately $62,000 at June 30, 2020.

The Company expects to incur losses into the foreseeable future as it undertakes

its efforts to execute its business plans.

net loss for the nine months ended September 30, 2020.

The Company had cash of $364,703 and negative working capital of $113,924

at September 30, 2020.

The Company expects to incur losses into the foreseeable future as it undertakes its efforts to execute

its business plans.

Company will require significant additional capital to sustain its short-term operations and make the investments it needs to

42 unchanged sentences

costs and expenses in our statements of operations.

to Unaudited Condensed Financial Statements

accompanying unaudited condensed financial statements have been prepared in conformity with accounting principles generally accepted

11 unchanged sentences

the Company’s estimates and could cause actual results to differ from those estimates and assumptions.

Notes to Unaudited Condensed Financial Statements

Loss per Share

7 unchanged sentences

of preferred stock, notes and warrants from the calculation of net loss per share if their effect would be anti-dilutive.

following financial instruments were not included in the diluted loss per share calculation as of June 30, 2020 and 2019 because

their effect was anti-dilutive:

following financial instruments were not included in the diluted loss per share calculation as of September 30, 2020 and 2019

because their effect was anti-dilutive:

As of September 30,

Warrants to purchase common stock

14 unchanged sentences

on the Company’s present or future financial statements.

5 - Note Payable

5 - Note Payable and Accounts Payable

Promissory Note

15 unchanged sentences

of principal on the 2019 Promissory Note.

May 7, 2020, the Company issued a total of 632,736 shares of the Company’s common stock for the conversion of the

remaining $150,000 of principal and $2,000 of interest on the 2019 Promissory Note.

Notes to Unaudited Condensed Financial Statements

May 11, 2020, the Company issued a total of 35,824 shares of the Company’s common stock for the conversion of the

remaining accrued interest of $9,458 on the 2019 Promissory Note.

the six months ended June 30, 2020, the Company recorded approximately $40,000 in interest expense related to amortization on

debt discount related to the 2019 Promissory Note.

the six months ended June 30, 2020, the Company recorded interest expense of approximately $7,900.

As of June 30, 2020, the principal

balance of the 2019 Promissory Note was $0.

May 7, 2020, the Company issued a total of 632,736 shares of the Company’s common stock for the conversion of the remaining

$150,000 of principal and $2,000 of interest on the 2019 Promissory Note.

to Unaudited Condensed Financial Statements

May 11, 2020, the Company issued a total of 35,824 shares of the Company’s common stock for the conversion of the remaining

accrued interest of $9,458 on the 2019 Promissory Note.

the nine months ended September 30, 2020, the Company recorded approximately $40,000 in interest expense related to amortization

on debt discount related to the 2019 Promissory Note.

the nine months ended September 30, 2020, the Company recorded interest expense of approximately $7,900.

As of September 30, 2020,

the principal balance of the 2019 Promissory Note was $0.

Promissory Note

8 unchanged sentences

pursuant to ASC 815-15.

At the issuance date, the Convertible Note was convertible into 7,770,008 shares of common stock

at $0.064 per share, but the Company’s fair value of underlying common stock was $0.099 per share.

the Company recognized a beneficial conversion feature, resulting in a discount to the Notes of approximately $269,000

with a corresponding credit to additional paid-in capital.

the six months ended June 30, 2020, the Company recorded approximately $65,000 in interest expense related to amortization on

debt discount related to the 2020 Promissory Note.

As of June 30, 2020, the remaining unamortized debt discount related to

the 2020 Promissory Note was approximately $204,000.

the six months ended June 30, 2020, the Company recorded interest expense of approximately $12,000.

As of June 30, 2020, the principal

balance of the 2020 Promissory Note was $500,000.

At the issuance date, the Convertible Note was convertible into 7,770,008 shares of common stock at $0.064

per share, but the Company’s fair value of underlying common stock was $0.099 per share.

As such, the Company recognized

a beneficial conversion feature, resulting in a discount to the Notes of approximately $269,000 with a corresponding credit to

additional paid-in capital.

the nine months ended September 30, 2020, the Company recorded approximately $146,000 in interest expense related to amortization

on debt discount related to the 2020 Promissory Note.

As of September 30, 2020, the remaining unamortized debt discount related

to the 2020 Promissory Note was approximately $123,000.

the nine months ended September 30, 2020, the Company recorded interest expense of approximately $27,000.

As of September 30,

2020, the principal balance of the 2020 Promissory Note was $500,000.

Accounts Payable

the nine months ended September 30, 2020, the Company recorded compensation payable of $1,006,401 which relates to contingent

bonuses earned for the achievement of performance milestones.

6 - Stockholders’

2 unchanged sentences

Registration Statement was declared effective by the SEC on December 20, 2019.

During the six months

ended June 30, 2020, the Company issued 6,186,633 shares of common stock (including 24,219 pro-rata

commitment shares) under the second Registration Statement pursuant to the Purchase Agreement with Cavalry resulting in aggregate

proceeds of approximately $415,000.

On June 22, 2020, the Company

filed a third Registration Statement on Form S-1 seeking to register 9,045,000 shares.

The third Registration Statement was declared

effective by the SEC on June 26, 2020.

During the six months

ended June 30, 2020, Company issued 769,369 shares of common stock (including 8,369 pro-rata commitment shares)

under the third Registration Statement pursuant to the Purchase Agreement with Cavalry resulting in aggregate proceeds

the nine months ended September 30, 2020, the Company issued 6,186,633 shares of common stock (including 24,219 pro-rata commitment

shares) under the second Registration Statement pursuant to the Purchase Agreement with Cavalry resulting in aggregate proceeds

of approximately $415,000.

June 22, 2020, the Company filed a third Registration Statement on Form S-1 seeking to register 9,045,000 shares.

The third Registration

Statement was declared effective by the SEC on June 26, 2020.

the nine months ended September 30, 2020, Company issued 5,623,385 shares of common stock (including 56,885 pro-rata commitment

shares) under the third Registration Statement pursuant to the Purchase Agreement with Cavalry resulting in aggregate proceeds

of approximately $975,000.

of Shares Due to Conversion of 2019 Promissory Note

1 unchanged sentence

of principal on the 2019 Promissory Note.

May 7, 2020, the Company issued a total of 632,736 shares of the Company’s common stock for the conversion of the

remaining $150,000 of principal and $2,000 of interest on the 2019 Promissory Note.

May 11, 2020, the Company issued a total of 35,824 shares of the Company’s common stock for the conversion of the

remaining accrued interest of $9,458 on the 2019 Promissory Note.

May 7, 2020, the Company issued a total of 632,736 shares of the Company’s common stock for the conversion of the remaining

$150,000 of principal and $2,000 of interest on the 2019 Promissory Note.

May 11, 2020, the Company issued a total of 35,824 shares of the Company’s common stock for the conversion of the remaining

accrued interest of $9,458 on the 2019 Promissory Note.

7 - Subsequent Events

July 15, 2020 to July 21, 2020, the Company issued 1,945,158 shares of common stock (including 17,658 pro-rata commitment

October 6, 2020 to October 28, 2020, the Company issued 3,421,615 shares of common stock (including 27,418 pro-rata commitment

shares) under the third Registration Statement pursuant to the Purchase Agreement with Cavalry resulting in aggregate proceeds

of approximately $469,922.

November 2, 2020, the Company issued a total of 371,503 shares of the Company’s common stock for the conversion

of $42,500 of principal on the 2020 Promissory Note.

2 Management’s Discussion and Analysis of Financial Condition and Results of Operations.

16 unchanged sentences

Asset Initiatives

to additional financing, the Company plans to acquire additional Digital Assets to provide investors with indirect ownership of

Digital Assets that are not securities, such as bitcoin and ether.

The Company intends to acquire Digital Assets through open

market purchases.

We are not limiting our assets to a single type of Digital Asset and may purchase a variety of Digital Assets

that appear to benefit our investors, subject to the limitations contained within this report regarding Digital Securities.

The following table reflects

the fair market value of our Digital Assets as of June 30, 2020:

Company acquires additional Digital Assets to provide

investors with indirect ownership of Digital Assets that are not securities, such as bitcoin and ether.

The Company acquires

Digital Assets through open market purchases.

We are not limiting our assets to a single type of Digital Asset and may purchase

a variety of Digital Assets that appear to benefit our investors, subject to the limitations contained within this report regarding

Digital Securities.

following table reflects the fair market value of our Digital Assets as of September 30, 2020:

Digital Asset

1 unchanged sentence

Ethereum (ETH)

following table reflects the fair market value of our Digital Assets as of August 4, 2020.

following table reflects the fair market value of our Digital Assets as of November 3, 2020.

Digital Asset

16 unchanged sentences

are also focused on Digital Assets and blockchain technologies.

We are currently internally developing a digital asset data analytics

platform aimed at aggregating users’

information, such as tracking of multiple exchanges and wallets to aggregate portfolio

holdings into a single platform to view and analyze performance, risk metrics, and potential tax implications.

The platform utilizes

digital asset exchange APIs to read user data and does not allow for the trading of assets.

We are currently internally developing a digital asset data

analytics platform aimed at aggregating users’

information, such as tracking of multiple exchanges and wallets to

aggregate portfolio holdings into a single platform to view and analyze performance, risk metrics, and potential tax

implications.

The platform utilizes digital asset exchange APIs to read user data and does not allow for the trading of

As a result of the pandemic, we have experienced delays in the development of the platform.

Company is also seeking to acquire controlling interests in businesses in the blockchain industry as further described in this

26 unchanged sentences

loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

continue to incur ongoing administrative and other expenses, including public company expenses, in excess of capital raises.

we continue to implement our business strategy, we intend to finance our activities through:

We continue to incur

ongoing administrative and other expenses, including public company expenses, primarily accounting and legal fees, in excess of

corresponding (non-financing related) revenue.

While we continue to implement its business strategy, it intends to finance its

activities through:

current cash and cash equivalents on hand from the Company’s past debt and equity offerings by controlling costs, and

additional financing through sales of additional securities whether through Cavalry or other investors.

of Operations for the Three Months Ended June 30, 2020 and 2019

following table reflects our operating results for the three months ended June 30, 2020 and 2019:

additional financing through sales of additional securities.

of Operations for the Three Months Ended September 30, 2020 and 2019

following table reflects our operating results for the three months ended September 30, 2020 and 2019:

For the three months ended

September 30,

Operating expenses:

6 unchanged sentences

Total other expenses

Operating expenses for

the three months ended June 30, 2020 and 2019 were $257,301 and $299,732, respectively.

expense for the three months ended June 30, 2020 and 2019 was $163,001 and $6,000, respectively.

of Operations for the Six Months Ended June 30, 2020 and 2019

following table reflects our operating results for the six months ended June 30, 2020 and 2019:

For the six months ended

$ (1,005,324 )

expenses for the three months ended September 30, 2020 and 2019 were $879,954 and $260,773, respectively.

The increase is primarily

from contingent bonuses being earned for the achievement of performance milestones.

expense for the three months ended September 30, 2020 and 2019 was $125,370 and $86,774, respectively.

The increase is primarily

from interest expense on our convertible notes.

of Operations for the Nine Months Ended September 30, 2020 and 2019

following table reflects our operating results for the nine months ended September 30, 2020 and 2019:

For the nine months ended

September 30,

Operating expenses:

6 unchanged sentences

Total other expenses

$ (1,795,897 )

Deemed dividend related to reduction of warrant strike price

Net loss attributable to common stockholders

expenses for the six months ended June 30, 2020 and 2019 were $530,519 and $552,231, respectively.

expense for the six months ended June 30, 2020 and 2019 was $260,054 and $12,000, respectively.

$ (1,795,897 )

$ (1,007,486 )

expenses for the nine months ended September 30, 2020 and 2019 were $1,410,473 and $813,004, respectively.

The increase is primarily

from contingent bonuses being earned for the achievement of performance milestones.

expense for the nine months ended September 30, 2020 and 2019 was $385,424 and $98,774, respectively.

The increase is primarily

from interest expense on our convertible notes and impairment of our digital asset holdings.

loss attributable to common stockholders

incurred $0 and $95,708 of deemed dividend related to reduction of warrant strike price during the six months ended June 30, 2020

incurred $0 and $95,708 of deemed dividend related to reduction of warrant strike price during the nine months ended September

30, 2020 and 2019, respectively.

1 unchanged sentence

Cash from Operating Activities

cash used in operating activities was approximately $1,115,000 for the six months ended June 30, 2020.

Net cash used in operating

activities for the six months ended June 30, 2020 was primarily driven by a $790,573 net loss and $608,000 purchase of digital

currencies, and partially offset by impairment loss on digital currencies of $132,952.

cash used in operating activities was approximately $405,000 for the six months ended June 30, 2019.

Net cash used in operating

activities for the six months ended June 30, 2019 was primarily driven by a $564,231 net loss and partially offset by changes

in operating assets and liabilities of approximately $158,000.

cash used in operating activities was $1,663,889 for the nine months ended September 30, 2020.

Net cash used in operating activities

for the nine months ended September 30, 2020 was primarily driven by a $1,795,897 net loss and $808,355 purchase of digital currencies,

and partially offset by impairment loss on digital currencies of $162,254 and amortization of debt discount of $186,199.

cash used in operating activities was $1,130,323 for the nine months ended September 30, 2019.

Net cash used in operating activities

for the nine months ended September 30, 2019 was primarily driven by a $911,778 net loss, purchases of digital currencies of $249,923

and changes in operating assets and liabilities of $50,601, and was partially offset by impairment loss on digital assets of $40,698

and amortization on debt discount of $39,741.

Cash from Financing Activities

cash provided by financing activities was approximately $1,056,000 for the six months ended June 30, 2020.

During the six months

ended June 30, 2020, Company issued 6,956,002 shares of common stock (including 32,588 pro-rata commitment shares) under

the Purchase Agreement with Cavalry resulting in aggregate proceeds of approximately $556,000.

In addition, the Company entered

into a $500,000 short term convertible note payable in April 2020.

cash provided by financing activities was $1,885,494 for the nine months ended September 30, 2020.

During the nine months ended

September 30, 2020, the Company issued 11,810,018 shares of common stock (including 81,104 pro-rata commitment shares)

under the Purchase Agreement with Cavalry resulting in aggregate proceeds of approximately $1.4 million.

In addition, the Company

entered into a $500,000 short term convertible note payable in April 2020.

The convertible note bears interest at 12%.

cash provided by financing activities was approximately $913,000 for the six months ended June 30, 2019, including approximately

$228,000 from exercise of warrants and approximately $685,000 from selling a total of 2,464,795 shares of common stock

under the Purchase Agreement.

of August 4, 2020, the Company had approximately $199,906 of cash.

June 30, 2020, we had current assets of approximately $862,000 and current liabilities of approximately $800,000, rendering working

capital of approximately $62,000.

cash provided by financing activities was approximately $1.4 million for the nine months ended September 30, 2019, including $0.2

million from exercise of warrants and $1.1 million from selling a total of 4,041,407 shares of common stock under the Purchase

Agreement which excludes 333,334 commitment shares issued upon entering the Purchase Agreement.

of November 3, 2020, the Company had $770,742 of cash.

September 30, 2020, we had current assets of $1,299,181 and current liabilities of $1,413,105, rendering negative working capital

working capital needs are influenced by our level of operations, and generally decrease with higher levels of revenue.

used approximately $1,115,000 of cash in its operating activities for the six months ended June 30, 2020.

The Company incurred

approximately a $790,000 net loss for the six months ended June 30, 2020.

The Company had cash of approximately $84,000 and working

capital of approximately $62,000 at June 30, 2020.

The Company expects to incur losses into the foreseeable future as it undertakes

its efforts to execute its business plans.

On April 17, 2020,

we issued an institutional investor a $500,000 promissory note (the “Promissory Note”) in consideration for $500,000.

The Promissory Note is (i) due on February 17, 2021, (ii) convertible at a 35% discount to the closing price of the Company’s

common stock on the date before exercise with a floor price of $0.01 per share and (iii) shall bear interest at 12% per annum

(payable at maturity).

used $1,663,889 of cash in its operating activities for the nine months ended September 30, 2020.

The Company incurred a $1,795,897

net loss for the nine months ended September 30, 2020.

The Company had cash of $364,703 and negative working capital of $113,924

at September 30, 2020.

The Company expects to incur losses into the foreseeable future as it undertakes its efforts to execute

its business plans.

April 17, 2020, we issued an institutional investor a $500,000 promissory note (the “Promissory Note”) in consideration

for $500,000.

The Promissory Note is (i) due on February 17, 2021, (ii) convertible at a 35% discount to the closing price of

the Company’s common stock on the date before exercise with a floor price of $0.01 per share and (iii) shall bear interest

at 12% per annum (payable at maturity).

Subject to certain limitations, the Company may force conversion of the Promissory Note.

As of August 4,

2020, the Company had sold 13,209,934 shares of common stock (and issued 118,778 commitment shares) under the $10 million Purchase

Agreement and received $2,035,730 in connection with the sales.

We cannot provide any assurance that we will be able to continue

selling under the $10 million Purchase Agreement or that we will be able to do so at prices that we believe are beneficial to

the Company and its shareholders.

of October 28, 2020, the Company had sold 19,540,407 shares of common stock (and issued 177,054 commitment shares) under the $10

million Purchase Agreement and received $3,034,541 in connection with the sales.

We cannot provide any assurance that we will

be able to continue selling under the $10 million Purchase Agreement or that we will be able to do so at prices that we believe

are beneficial to the Company and its shareholders.

will require significant additional capital to sustain short-term operations and make the investments needed to execute our longer-term

17 unchanged sentences

current cash and cash equivalents on hand from the Company’s past debt and equity offerings by controlling costs, and

additional financing through sales of additional securities whether through Cavalry or other investors.

additional financing through sales of additional securities.

Balance Sheet Transactions

15 unchanged sentences

and similar references to future periods.

Forward-looking statements

are based on our current expectations and assumptions regarding our business, the economy and other future conditions.

forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances

Forward-looking

statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions.

Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances

that are difficult to predict.

6 unchanged sentences

Any forward-looking statement made by us speaks only as of the date on which it is made.

Factors or events that

could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.

undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments

or otherwise, except as may be required by law.

Factors or events that could cause

our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.

no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or

otherwise, except as may be required by law.

3 Quantitative and Qualitative Disclosures About Market Risk

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 1. Financial Statements