MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
−Removed: of this Form 10-K, including the Management’s Discussion and Analysis or Plan of Operation, contain “forward-looking statements”.
+Added: Restatement of Previously Issued Consolidated Financial Statements
+Added: As discussed further in Note 2 of our consolidated
+Added: financial statements in Part IV of this amended Annual Report on Form 10-K/A, we have restated our consolidated financial statements for
+Added: the fiscal year ended December 31, 2022 and our unaudited condensed consolidated interim financial information as of and for the fiscal
+Added: period ended March 31, 2023.
+Added: Refer to the Explanatory Note preceding Part I, Item 1:
+Added: Financial Statements and Supplementary Data
+Added: - Note 2 of our consolidated financial statements, for additional details regarding the aforementioned restatement adjustments.
+Added: For information regarding our controls and procedures, see Part II, Item
+Added: 9A – Controls and Procedures, of this amended Annual Report on Form 10-K/A.
+Added: FORWARD LOOKING STATEMENTS
+Added: of this Form 10-K/A, including the Management’s Discussion and Analysis or Plan of Operation, contain “forward-looking statements”.
These forward-looking statements are subject to risks and uncertainties and other factors that may cause our actual results, performance
103 unchanged sentences
increase of $370,845 for the reasons stated above.
−Removed: the years ended December 31, 2022 and 2021, the Company had $11,151 and $17,486 in interest expense, respectively, related to debt notes.
+Added: For the years ended December 31, 2022 and 2021, the Company had $25,865
+Added: and $17,486 in interest expense primarily related to liquidated damages and debt notes, respectively.
+Added: For the years ended December 31,
+Added: 2022 and 2021, the Company had a liquidated damages expense of $268,202 and $0, respectively.
Loss applicable to common shareholders
−Removed: Company realized a net loss applicable to shareholders of $1,221,765 and $857,255 for the years ended December 31, 2022 and 2021, respectively,
−Removed: an increase of $364,510 for the reasons stated above.
+Added: The Company realized a net loss applicable to shareholders of $1,504,681,
+Added: and $857,255 for the years ended December 31, 2022 and 2021, respectively, an increase of $647,426 for the reasons stated above.
and capital resources
−Removed: of December 31, 2022 and 2021, the Company had cash in the amount of $1,155,343 and $424,445, respectively.
−Removed: As of December 31, 2022 and
−Removed: 2021, the Company had stockholders’ equity of $1,069,440 and $179,845, respectively.
+Added: As of December 31, 2022 and 2021, the Company had cash in the amount of
+Added: $1,155,343 and $424,445, respectively.
+Added: As of December 31, 2022 and 2021, the Company had stockholders’ equity of $786,524 and $179,845,
+Added: respectively.
Company’s accumulated deficit was $2,367,623 and $862,942 as of December 31, 2022 and 2021, respectively.
11 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.