What changed in this filing

/stocks — the workspaceLOADING

Item 1A. Risk Factors

2020-08-14 compared with 2020-05-15 · 31 added, 34 removed, 1200 unchanged (5% of the section changed)

19 unchanged sentences

Although Charlie’s and Don Polly generated net revenue

of approximately $4.4 million during the quarter ended March 31,

of approximately $8.6 million during the six months ended June 30,

2020 and $22.7 million for the year ended December 31, 2019, there

34 unchanged sentences

requirements.

As of March 31, 2020, we had negative working

As of June 30, 2020, we had negative working

capital of approximately $4,156,000, which consisted of current

63 unchanged sentences

impact the Company’s supply chain and/or sales.

For the three

months ended March 31, 2020, the Company has incurred losses from

months ended June 30, 2020, the Company has incurred losses from

operations of $5,109,000 and a consolidated net loss of

95 unchanged sentences

disclosure controls and procedures were ineffective as of December

31, 2019 and 2018, as well as for the quarter ended March 31, 2020.

These weaknesses were first identified in our Annual Report on Form

10-K for the year ended December 31, 2012.

reduced our staff to one employee, and outsourced our

accounting and financial functions, further

31, 2019 and 2018, as well as for the quarters ended June 30, 2020

and March 31, 2020.

These weaknesses were first identified in our

Annual Report on Form 10-K for the year ended December 31, 2012.

2018, we reduced our staff to one employee, and

outsourced our accounting and financial functions, further

exacerbating our weaknesses in our internal control over

285 unchanged sentences

flavored e-cigarettes, or similar enforcement action by the FDA,

would have a significant material adverse impact on the

Charlie’s Products, which would, in turn, have a material

adverse impact on our overall business.

would have a significant material adverse impact on Charlie’s

products, which would, in turn, have a material adverse impact on

our overall business.

regulatory challenges may come in future months and years,

18 unchanged sentences

preferences, which could have a material adverse effect on our

Our products contain nicotine, which is considered to be a highly

addictive substance.

Certain of our products contain nicotine, which is considered to be

a highly addictive substance.

of our products contain nicotine, a chemical found in cigarettes,

27 unchanged sentences

Any ban of on the sale of flavored e-cigarettes

directly limits the markets in which we may sell the

Charlie’s Products.

In the event the prevalence of such bans

increases across the United States, our business, results of

operations and financial condition will be materially

directly limits the markets in which we may sell Charlie’s

In the event the prevalence of such bans increases across

the United States, our business, results of operations and

financial condition will be materially harmed.

There is uncertainty related to the regulation of flavored

84 unchanged sentences

know the cause of such injuries.

Should vapor products, such as the

Should vapor products, such as

Charlie’s products, be determined conclusively to pose

17 unchanged sentences

conclusively that vapor product usage poses long-term health risks,

the use of such products, including the Charlie’s Products,

could decline, which could have a material adverse effect on our

the use of such products, including Charlie’s products, could

decline, which could have a material adverse effect on our

business, results of operations and financial

368 unchanged sentences

performance of our business.

As of May 13, 2020, we had

As of August 14, 2020, we had

18,990,752,596 shares of common stock outstanding, as well as

1 unchanged sentence

801,325,000 shares of our common stock at a weighted average

exercise price of $ 0.0044313 per share, up to

4,607,805,561 shares of common stock issuable upon conversion of

outstanding shares of Series A Preferred and outstanding warrants

to purchase up to an aggregate of 4,033,769,340 shares of our

common stock at a weighted average exercise price

of $0.0044313 per share.

The exercise and/or conversion of

such outstanding derivative securities may result in further

dilution to our stockholders.

exercise price of $0.0044313 per share, up to 4,599,343,033

shares of common stock issuable upon conversion of outstanding

shares of Series A Preferred and outstanding warrants to purchase

up to an aggregate of 4,033,769,340 shares of our common stock at a

weighted average exercise price of $0.0044313 per share.

exercise and/or conversion of such outstanding derivative

securities may result in further dilution to our

stockholders.

If we issue additional shares of common stock in the future, it

164 unchanged sentences

uncertain and unpredictable.

UN R EGISTERED SALES OF

EQUITY SECURITIES AND USE OF PROCEEDS

REGISTERED SALES OF EQUITY SECURITIES AND USE OF

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