Item 1A. Risk Factors
ITEM 1A. RISK FACTORS
The following risk factor supplements the Risk Factors disclosed in Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2023.
On March 31, 2023, the Company's share price was $8.40 and since has declined to a share price of $1.15 as of November 7, 2023. Under the accounting standard, ASC 350-20,Goodwill a Company is required to test for impairment on an annual basis, but in the presence of a triggering event, the Company performs additional testing. Under ASC 350, Goodwill, a sustained decline in share price represents a triggering event which would require the Company to test for impairment. There may be a risk that the Company incurs expenses related to goodwill impairment.
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