−Removed: a smaller reporting company, we are not required to provide the information required by this Item;
−Removed: however, the discussion of
−Removed: our business and operations should be read together with the Risk Factors set forth in our Annual Report on Form 10-K filed with
−Removed: the SEC on March 13, 2020 and our Quarterly Reports on Form 10-Q filed with the SEC on May 14, 2020 and August 13, 2020.
−Removed: risks and uncertainties have the potential to affect our business, financial condition, results of operations, cash flow, strategies
−Removed: or prospects in a material and adverse manner.
+Added: As a smaller reporting company, we are not required
+Added: to provide the information required by this Item;
+Added: however, the discussion of our business and operations should be read together with
+Added: the Risk Factors set forth in our Annual Report on Form 10-K filed with the SEC on March 10, 2021 and the risk factor set forth below.
+Added: Such risks and uncertainties, including those set forth below, have the potential to affect our business, financial condition, results
+Added: of operations, cash flow, strategies or prospects in a material and adverse manner.
+Added: A global shortage of semiconductor chips
+Added: utilized in digital displays is adversely impacting the Company’s ability to procure hardware to sell and support its digital solutions,
+Added: and it is unknown how long such shortage will occur.
+Added: There is currently a worldwide shortage of semiconductor
+Added: chips and the Company’s suppliers of digital displays, the primary hardware component in the Company’s digital systems, have
+Added: informed the Company that, due to component shortages in the industry, such suppliers expect delays and potentially increased costs for
+Added: the Company to obtain digital displays necessary to fulfil and install the Company’s digital solutions.
+Added: Historically, such digital
+Added: displays have been readily available for purchase and delivery, to be purchased by the Company from distributors from such distributor’s
+Added: existing inventory.
+Added: Such delays will likely result in a longer sales cycles and prolonged periods in which the Company will be able to
+Added: recognize revenues compared to historical time periods.
+Added: The increased costs for such displays may also reduce the margins in which the
+Added: Company has received on account of the purchase and installation of such displays as part the Company’s digital signage product
+Added: Although we believe that such shortage will be alleviated in the future, the Company is not aware of how long such delays may
+Added: exist, the effect such delays and increased demand may have on the cost to procure such digital screens, or the adverse impacts on our
+Added: financial results.
Unregistered Sales of Equity Securities and Use of Proceeds
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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.