−Removed: FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES
−Removed: OF EQUITY SECURITIES
−Removed: shares of common stock are listed on the NYSE American exchange under the symbol CVU.
−Removed: On March 31, 2021, there were 176 holders
−Removed: of record of our shares of common stock, and we believe, over 2,200 beneficial owners of our shares of common stock.
+Added: MARKET FOR REGISTRANT’S
+Added: COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
+Added: May 20, 2022 our shares of common stock were traded on the NYSE American exchange under the symbol “CVU”.
+Added: 2022, the NYSE American exchange announced the suspension of trading of our common stock due to non-compliance with the Exchange’s
+Added: SEC annual and quarterly report timely filing criteria provided for in Section 1007 of the Exchange’s Company Guide and
+Added: announced that it was initiating proceedings to delist our common stock.
+Added: The Company filed a request for review of the Exchange’s
+Added: determination to initiate delisting proceedings.
+Added: A hearing for this review before a Listing Qualification Panel of the Committee
+Added: has been scheduled for September 7, 2022.
+Added: The delisting action has been stayed pending the outcome of the review although trading
+Added: on the Exchange remains suspended.
+Added: of our common stock can only be traded in the OTC Markets Group’s Expert Market under the symbol “CVUA”.
+Added: Expert Market is available for unsolicited quotes only, meaning broker-dealers may use the Expert Market to publish unsolicited
+Added: quotes representing orders from retail and institutional investors who are not affiliates or insiders of the Company.
+Added: in Expert Market securities are made available to broker-dealers, institutions, and other sophisticated investors.
+Added: Part I Item 1A Risk Factors - “ The NYSE American exchange has suspended trading of our common stock and may delist our common
+Added: stock from trading on the exchange.
+Added: If our common stock is delisted from the NYSE American exchange, our business, financial condition,
+Added: results of operations, stock price and investors’ ability to make transactions in our common stock could be adversely affected
+Added: and the liquidity of our stock and our ability to obtain financing could be impaired ” and “ There is currently a
+Added: very limited trading market for our common stock and investors are not assured of the opportunity to make transactions in our common
+Added: August 15, 2022, there were 589 holders of record of our shares of common stock.
+Added: We believe there are substantially more beneficial
+Added: holders of our common stock.
date, we have not paid any dividends on our common stock.
Any payment of dividends in the future is within the discretion of our
−Removed: board of directors (subject to the limitation on dividends contained in the Bank United Credit Facility, as described more fully
−Removed: in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations) and will depend on our
+Added: board of directors (subject to the limitation on dividends contained in the BankUnited Facility, as described more fully in Part
+Added: II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations) and will depend on our
earnings, if any, our capital requirements and financial condition and other relevant factors.
4 unchanged sentences
have been no sales of unregistered equity securities for the three months ended December 31, 2021.
−Removed: The have been no repurchases
+Added: There have been no repurchases
of our outstanding common stock during the three months ended December 31, 2021.
2 unchanged sentences
for the issuance of options, warrants or rights to purchase our securities:
−Removed: of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights
−Removed: Weighted-Average
−Removed: Exercise Price of Outstanding Options, Warrants and Rights
−Removed: of Securities Remaining Available for Future Issuance under Equity Compensation Plans (excluding securities reflected in the
−Removed: first column)
−Removed: Compensation Plans Approved by Security Holders
−Removed: Compensation Plans Not Approved by Security Holders
+Added: Plan Category
+Added: Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights
+Added: Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights
+Added: Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (excluding securities reflected in the first column)
+Added: Equity Compensation Plans Approved by Security Holders
+Added: Equity Compensation Plans Not Approved by Security Holders
equity incentives are an important component of compensation and are designed to align the interests of our executive officers
12 unchanged sentences
granted 497,636 shares under this plan and 2,364 shares remained available for grant.
−Removed: SELECTED FINANCIAL DATA
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.