RISK FACTORS.
−Removed: We face risks in executing our business plan and achieving revenues.
−Removed: The following risks are material risks that we face.
−Removed: We also face the risks identified elsewhere in this Annual Report, including those risks identified under "Item 1.
−Removed: Business", including Competition and Government Regulation, and "Item 7.
−Removed: Management's Discussion and Analysis of Financial Condition and Results of Operations".
−Removed: If any of these risks occur, our business and our operating results and financial condition could be seriously harmed.
+Added: You should carefully consider the following risk factors, together with the other information contained in this annual report on Form 10-K, including our financial statements and the related notes and "Management's Discussion and Analysis of Financial Condition and Results of Operations," before making a decision to purchase or sell shares of our common stock.
+Added: We cannot assure you that any of the events discussed in the risk factors below will not occur.
+Added: These risks could have a material and adverse impact on our business, results of operations, financial condition and growth prospects.
+Added: If that were to happen, the trading price of our common stock could decline.
+Added: Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business operations or financial condition.
+Added: In this section, we first provide a summary of the more significant risks and uncertainties we face and then provide a full set of risk factors and discuss them in greater detail.
If revenues decline, then our financial condition and results of operations will be adversely affected.
5 unchanged sentences
If we are not able to control our operating expenses, then our financial condition may be adversely affected.
−Removed: Operating expenses were $3,400,050 for the year ended August 31, 2021 and $3,360,953 for the year ended August 31, 2020 while our revenues were $4,172,473 and $3,824,565, respectively.
Our ability to maintain profitability is conditional upon our ability to control our operating expenses.
There is a risk that we will have to increase our operating expenses in the future.
−Removed: Factors that could cause our operating expenses to increase include our determination to spend more on sales and marketing in order to increase product sales or our determination that more research and development expenditures are required in order to keep our current software products competitive or in order to develop new products for the market.
+Added: Factors that could cause our operating expenses to increase include:
+Added: our determination to spend more on sales, marketing, and business development to increase product sales, our determination that more research and development expenditures are required to keep our current software products competitive, or to develop new products for the market.
To the extent that our operating expenses increase without a corresponding increase in revenue, our financial condition would be adversely impacted.
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Successful expansion of our business will depend on our ability to manage growth.
−Removed: Should we be successful in the sales and marketing efforts of our software products, we will experience significant growth in operations.
−Removed: If this occurs, management anticipates that additional expansion will be required in order to continue our product development.
+Added: Should we be successful in the sales, marketing, and business development efforts of our software products, we will experience significant growth in operations.
+Added: If this occurs, management anticipates that additional expansion will be required to continue our product development.
Any expansion of our business would place further demands on our management, operational capacity, and financial resources.
−Removed: We anticipate that we may need to recruit qualified personnel in all areas of its operations, including management, sales, marketing, delivery, and software development.
−Removed: There can be no assurance that we will be effective in attracting and retaining additional qualified personnel, expanding its operational capacity or otherwise managing growth.
+Added: We anticipate that we may need to recruit qualified personnel in all areas of operations, including management, sales, marketing, delivery, and software development.
+Added: There can be no assurance that we will be effective in attracting and retaining additional qualified personnel, expanding operational capacity or otherwise managing growth.
In addition, there can be no assurance that our current systems, procedures, or controls will be adequate to support any expansion of our operations.
3 unchanged sentences
Although we believe we have taken steps to mitigate much of the risk, we may in the future experience interruptions in service as a result of the accidental or intentional actions of Internet users, current and former employees, or others.
−Removed: Unknown security risks may result in liability to us and also may deter new customers from purchasing our software and services, and individuals from utilizing it.
+Added: Unknown security risks may result in liability to us and may also deter new customers from purchasing our software and services, and individuals from utilizing it.
Although we intend to continue to implement and establish security measures, there can be no assurance that measures implemented by us will not be circumvented in the future, which could have a material adverse effect on our business, financial condition, or results of operations.
25 unchanged sentences
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.