What changed in this filing

/stocks — the workspaceLOADING

Item 1A. Risk Factors

2025-03-20 compared with 2024-03-15 · 196 added, 176 removed, 482 unchanged (44% of the section changed)

22 unchanged sentences

with respect to our products.

We intend in the long-term to derive substantial revenues from the sales of our products as well as future

We intend in the long-term to derive substantial revenues from the sales of the IC Drone, as well as future

models of other robots and our UAS platforms for both military and civilian use, but there can be no assurance that we will be able to

In addition, our relatively

new IC Drone product offering to the civilian market may pose risks due to the evolving nature of our business model, which requires expertise

that is still being developed internally and could introduce operational challenges.

There can be no assurance that we will be able to

successfully implement and manage this new business model.

Our business, results of operations, financial condition and cash flows could

be materially adversely affected if we are unable to successfully integrate the shift in our business model into our existing operations

and any inability to do so may also hinder our ability to grow, divert the attention of management and our key personnel, disrupt

our business and impair our financial results.

We may not be able to obtain adequate financing

1 unchanged sentence

We expect that we will need

to raise additional funds to continue the design, manufacture, sale and servicing of our TIKAD as well as develop future robot products

and other platforms for the implementation of our robot.

We believe that we will need to raise additional capital in the future to fund

our research and development and commercialization efforts.

If we seek to raise additional capital, we may do so through the issuance

of equity, equity-related, or debt securities or through obtaining credit from government or financial institutions or other persons.

This capital will be necessary to fund ongoing operations, continue research, development and design efforts, establish a sales infrastructure

and make the investments in tooling and equipment required to develop and manufacture our products.

Moreover, the terms of any financing

may adversely affect the holdings or the rights of holders of our securities and the issuance of additional securities, whether equity

or debt, by us, or the possibility of such issuance, may cause the market price of our common shares to decline.

The incurrence of indebtedness

could result in increased fixed payment obligations, and we may be required to agree to certain restrictive covenants, such as limitations

on our ability to incur additional debt, limitations on our ability to acquire, sell or license intellectual property rights and other

operating restrictions that could adversely impact our ability to conduct our business.

We could also be required to seek funds through

arrangements with collaborative partners or otherwise at an earlier stage than otherwise would be desirable, and we may be required to

relinquish rights to some of our technologies or product candidates or otherwise agree to terms unfavorable to us, any of which may have

a material adverse effect on our business, operating results and prospects.

Even if we believe that we have sufficient funds for our current

or future operating plans, we may seek additional capital if market conditions are favorable or if we have specific strategic considerations.

to raise additional funds to continue the design, manufacture, sale and servicing of the IC Drone and our stabilized robotic technology

as well as develop future robot products and other platforms for the implementation of our robot.

We believe that we will need to raise

additional capital in the future to fund our research and development and commercialization efforts.

If we seek to raise additional capital,

we may do so through the issuance of equity, equity-related, or debt securities or through obtaining credit from government or financial

institutions or other persons.

This capital will be necessary to fund ongoing operations, continue research, development and design efforts,

establish a sales infrastructure and make the investments in tooling and equipment required to develop and manufacture our products.

the terms of any financing may adversely affect the holdings or the rights of holders of our securities and the issuance of additional

securities, whether equity or debt, by us, or the possibility of such issuance, may cause the market price of our common shares to decline.

The incurrence of indebtedness could result in increased fixed payment obligations, and we may be required to agree to certain restrictive

covenants, such as limitations on our ability to incur additional debt, limitations on our ability to acquire, sell or license intellectual

property rights and other operating restrictions that could adversely impact our ability to conduct our business.

We could also be required

to seek funds through arrangements with collaborative partners or otherwise at an earlier stage than otherwise would be desirable, and

we may be required to relinquish rights to some of our technologies or product candidates or otherwise agree to terms unfavorable to us,

any of which may have a material adverse effect on our business, operating results and prospects.

Even if we believe that we have sufficient

funds for our current or future operating plans, we may seek additional capital if market conditions are favorable or if we have specific

strategic considerations.

We have inadequate capital and need for

23 unchanged sentences

We expect to derive most of

our immediate future revenues directly or indirectly from government agencies, mainly the U.S.

Department of Defense (“DoD”).

In addition, we offer our products to IMOD and intend to offer these to other governmental and quasi-governmental agencies around the

world, including U.S.

allies such as the NATO and equivalent authorities of various countries pursuant to contracts awarded to us under

defense and homeland security-related programs.

Technology products from foreign countries have an inherent disadvantage against domestic

The funding of government programs could be reduced or eliminated due to numerous factors, including geo-political events and

macro-economic conditions that are beyond our control.

Reduction or elimination of government spending under our contracts would imperil

the sales of our products and may cause a negative effect on our revenues, results of operations, cash flow and financial condition.

We face other risks in our expected international

our immediate future revenues from the civilian sector directly or indirectly from governmental and quasi-governmental customers in the

energy utility sector.

Technology products from foreign countries have an inherent disadvantage against domestic offerings.

of government programs could be reduced or eliminated due to numerous factors, including geo-political events and macro-economic conditions

that are beyond our control.

Reduction or elimination of government spending under our contracts would imperil the sales of our products

and may cause a negative effect on our revenues, results of operations, cash flow and financial condition.

We face other risks in our

expected international sales.

We expect to derive a significant

7 unchanged sentences

located in the State of Israel, some of these risks may be affected by Israel’s overall political situation.

(See “Risks Related

to Israeli Law and Our Operations in Israel” below.)

Related to Israeli Law and Our Operations in Israel ” below.)

We may experience production delays if suppliers

11 unchanged sentences

and results of operations .

Any significant growth in the

market for our products or our entry into new markets may require an expansion of our employee base for managerial, operational, financial,

Any significant growth in

the market for our products or our entry into new markets may require an expansion of our employee base for managerial, operational, financial,

and other purposes.

As of March 14, 2024, we had one full-time employee, our Chief Executive Officer, and have two (2) executive officers,

our Chief Technology Officer and our Chief Financial Officer.

During any period of growth, we may face problems related to our operational

and financial systems and controls, including quality control and delivery and service capacities.

We would also need to continue to expand,

train and manage our employee base.

Continued future growth will impose significant added responsibilities upon the members of management

to identify, recruit, maintain, integrate, and motivate new employees.

As of March 20 , 2025, we had one full-time employee, our Chief Executive

Officer, and engage two (2) executive officers, our CTO and our Chief Financial Officer (“CFO”).

During any period of growth,

we may face problems related to our operational and financial systems and controls, including quality control and delivery and service

We would also need to continue to expand, train and manage our employee base.

Continued future growth will impose significant

added responsibilities upon the members of management to identify, recruit, maintain, integrate, and motivate new employees.

Aside from increased difficulties

7 unchanged sentences

timely and effectively meet that demand and maintain the quality standards required by our existing and potential customers.

We were granted a patent for certain of our key technologies and may apply for additional patents in the

Our ability to protect our intellectual property and proprietary technology is uncertain and may be inadequate, which may have

a material and adverse effect on us.

We were granted a patent for certain of

our key technologies and may apply for additional patents in the future.

Our ability to protect our intellectual property and proprietary

technology is uncertain and may be inadequate, which may have a material and adverse effect on us.

Our success depends significantly

on our ability to protect our proprietary rights to the technologies used in our products.

We applied for a patent with the United States

We were granted a patent with the United States

Office Patent and Trademark Office to protect certain of our key technologies, however, we cannot assure you that we will be able to control

all of the rights for all of our intellectual property.

We do not know whether any of our current or future patent applications, if any,

will result in the issuance of any patents.

We do not know whether any of our future patent applications, if any, will result

in the issuance of any patents.

Even issued patents may be challenged, invalidated or circumvented.

Patents may not provide

a competitive advantage or afford protection against competitors with similar technology.

Competitors or potential competitors may have

filed applications for, or may have received patents and may obtain additional and proprietary rights to compounds or processes used by

or competitive with ours.

Patents may not provide a competitive

advantage or afford protection against competitors with similar technology.

Competitors or potential competitors may have filed applications

for, or may have received patents and may obtain additional and proprietary rights to compounds or processes used by or competitive with

Both the patent application process and the process of managing patent disputes can be time-consuming and expensive.

Competitors may be able to design around our patents or develop products which provide outcomes which are comparable or may even be superior

may be able to design around our patents or develop products which provide outcomes which are comparable or may even be superior to ours.

In the event a competitor

91 unchanged sentences

Our common stock is traded

on the over-the-counter market with quotations published on the OTC Markets Group, Inc.’s OTCQB tier Venture Market, under the symbol

“USDR.” The trading volume of our common stock historically has been limited and sporadic, and the stock prices have been

As a result of the limited and sporadic trading activity, the quoted price for our common stock on the over-the-counter market

is not necessarily a reliable indicator of its fair market value.

The price at which our common stock will trade in the future may be

highly volatile and may fluctuate as a result of a number of factors, including, without limitation, any potential business combination

that we announce, as well as the number of shares available for sale in the market.

The trading volume of our

common stock may be limited and sporadic.

This situation is attributable to a number of factors, including the fact that we are a small

company which is relatively unknown to stock analysts, stock brokers, institutional investors and others in the investment community that

generate or influence sales volume, and that even if we came to the attention of such persons, they tend to be risk-averse and would be

reluctant to follow an unproven company such as ours or purchase or recommend the purchase of our shares until such time as we became

more seasoned and viable.

As a consequence, there may be periods of several days or more when trading activity in our shares is minimal

or non-existent, as compared to a seasoned issuer which has a large and steady volume of trading activity that will generally support

continuous sales without an adverse effect on share price.

We cannot give you any assurance that a broader or more active public trading

market for our common stock will develop or be sustained, or that current trading levels will be sustained.

As a result of such trading

activity, the quoted price for our common stock on the OTCQB may not necessarily be a reliable indicator of our fair market value.

addition, if our shares of common stock cease to be quoted, holders would find it more difficult to dispose of or to obtain accurate quotation

as to the market value of, our common stock and as a result, the market value of our common stock likely would decline.

on the over-the-counter market with quotations published on the OTC Markets Group, Inc.’s OTCQB ®

tier Venture Market, under the symbol “DUKR.” The trading volume of our common stock historically has been limited and sporadic,

and the stock prices have been volatile.

As a result of the limited and sporadic trading activity, the quoted price for our common stock

on the over-the-counter market is not necessarily a reliable indicator of its fair market value.

The price at which our common stock will

trade in the future may be highly volatile and may fluctuate as a result of a number of factors, including, without limitation, any potential

business combination that we announce, as well as the number of shares available for sale in the market.

trading volume of our common stock may be limited and sporadic.

This situation is attributable to a number of factors, including the fact

that we are a small company which is relatively unknown to stock analysts, stock brokers, institutional investors and others in the investment

community that generate or influence sales volume, and that even if we came to the attention of such persons, they tend to be risk-averse

and would be reluctant to follow an unproven company such as ours or purchase or recommend the purchase of our shares until such time

as we became more seasoned and viable.

As a consequence, there may be periods of several days or more when trading activity in our shares

is minimal or non-existent, as compared to a seasoned issuer which has a large and steady volume of trading activity that will generally

support continuous sales without an adverse effect on share price.

We cannot give you any assurance that a broader or more active public

trading market for our common stock will develop or be sustained, or that current trading levels will be sustained.

As a result of such

trading activity, the quoted price for our common stock on the OTCQB may not necessarily be a reliable indicator of our fair market value.

In addition, if our shares of common stock cease to be quoted, holders would find it more difficult to dispose of or to obtain accurate

quotation as to the market value of, our common stock and as a result, the market value of our common stock likely would decline.

Other factors that could have

a similar impact include, but are not limited to:

the increased concentration of the ownership of our shares by a limited number of affiliated stockholders following the Share Exchange may limit interest in our securities;

limited “public float” in the hands of a small number of persons whose sales or lack of sales could result in positive or negative pricing pressure on the market price for our common stock;

● the increased concentration of the ownership of our shares

by a limited number of affiliated stockholders following the Share Exchange may limit interest in our securities;

● limited “public float” in the hands of a small

number of persons whose sales or lack of sales could result in positive or negative pricing pressure on the market price for our common

● variations in quarterly operating results from the expectations;

1 unchanged sentence

● our ability to obtain working capital financing;

announcements of new products or services by us or our competitors and changes in our industry;

● announcements of new products or services by us or our competitors

and changes in our industry;

● reductions in the market share of our products;

announcements by us or our competitors of significant strategic acquisitions;

● announcements by us or our competitors of significant strategic

acquisitions;

● loss of any strategic relationship;

100 unchanged sentences

common stock, which could severely limit the market price and liquidity of our common stock.

The sales practice requirements of the Financial

Industry Regulatory Authority (“FINRA”) may also limit a stockholder’s ability to buy and sell our stock.

The sales practice requirements of FINRA

may also limit a stockholder’s ability to buy and sell our stock.

In addition to the “penny

10 unchanged sentences

Risks Related to Israeli Law and Our Operations

Our principal executive

offices and other significant operations are located in Israel, and, therefore, our results may be adversely affected by political, economic

and military instability in Israel, including the recent attack by Hamas and other terrorist organizations from the Gaza Strip and Israel’s

war against them.

executive offices and corporate headquarters are located in Israel.

Our principal executive offices and other

significant operations are located in Israel, and, therefore, our results may be adversely affected by political, economic and military

instability in Israel, including the recent attacks by Hamas and other terrorist organizations and Israel’s war against them.

Our executive offices and

corporate headquarters are located in Israel.

In addition, our officers and directors are residents of Israel.

political, economic and military and security conditions in Israel and the surrounding region may directly affect our business.

Any conflicts,

political instability, terrorism, cyberattacks or any other hostilities involving Israel or the interruption or curtailment of trade between

Israel and its present trading partners could adversely affect our operations.

Ongoing and revived hostilities in the Middle East or other

Israeli political or economic factors, could harm our operations.

October 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian

and military targets.

Hamas also launched extensive rocket attacks on Israeli population and industrial centers located along Israel’s

border with the Gaza Strip and in other areas within the State of Israel.

These attacks resulted in extensive deaths, injuries and kidnapping

of civilians and soldiers.

Following the attack, Israel’s security cabinet declared war against Hamas and a military campaign against

these terrorist organizations commenced in parallel to their continued rocket and terror attacks.

intensity and duration of Israel’s current war against Hamas is difficult to predict, as are such war’s economic implications

on the Company’s business and operations and on Israel's economy in general.

These events may be intertwined with wider macroeconomic

indications of a deterioration of Israel’s economic standing, which may have a material adverse effect on the Company and its ability

to effectively conduct some of its operations.

connection with the Israeli security cabinet’s declaration of war against Hamas and possible hostilities with other organizations,

several hundred thousand Israeli military reservists were drafted to perform immediate military service.

As of March 14, 2024 none of

our employees and regular consultants (and their spouses or partners) in Israel have been called for reserve service.

Additional employees

(or their spouses or partners) may be called, for service in the current or future wars or other armed conflicts with Hamas, and such

persons may be absent for an extended period of time.

As a result, our operations in Israel may be disrupted by such absences, which disruption

may materially and adversely affect our business, prospects, financial condition and results of operations.

the attack by Hamas on Israel’s southern border, Hezbollah in Lebanon has also launched missile, rocket and shooting attacks against

Israeli military sites, troops, and Israeli towns in northern Israel.

In response to these attacks, the Israeli army has carried out a

number of targeted strikes on sites belonging to Hezbollah in southern Lebanon.

It is possible that other terrorist organizations, including

Palestinian military organizations in the West Bank, as well as other hostile countries, such as Iran, will join the hostilities.

hostilities may include terror and missile attacks.

Any hostilities involving Israel or the interruption or curtailment of trade between

Israel and its trading partners could adversely affect our operations and results of operations.

Although the Israeli government currently

covers the reinstatement value of direct damages that are caused by terrorist attacks or acts of war, we cannot assure you that this government

coverage will be maintained or that it will sufficiently cover our potential damages.

Any losses or damages incurred by us could have

a material adverse effect on our business.

Any armed conflicts or political instability in the region would likely negatively affect business

conditions and could harm our results of operations.

Accordingly, political,

economic and military and security conditions in Israel and the surrounding region may directly affect our business.

Any conflicts, political

instability, terrorism, cyberattacks or any other hostilities involving Israel or the interruption or curtailment of trade between Israel

and its present trading partners could adversely affect our operations.

Ongoing and revived hostilities in the Middle East or other Israeli

political or economic factors, could harm our operations.

In October 2023, Hamas terrorists

infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets.

the commencement of these events, there had been additional active hostilities against Israel, including Hezbollah

in Lebanon, the Houthis terrorist group which controls parts of Yemen, and Iran.

In October 2024, Israel began ground operations

against Hezbollah in Lebanon culminating in a 60-day cease fire agreed to between Israel and Lebanon on November 27, 2024.

27, 2025, the ceasefire between Israel and Lebanon was extended to February 18, 2025.

On January 19, 2025, a temporary ceasefire between

Israel and Hamas went into effect, the result of which is uncertain.

While ceasefire agreements have been reached, there is no guarantee

that the parties will continue to comply with the terms of the agreements and, accordingly, it is possible that these hostilities will

resume with little to no warning and that additional terrorist organizations and, possibly, countries will actively join the hostilities.

Such clashes may escalate in the future into a greater regional conflict.

The economic implications

of the political situation in Israel on the Company’s business and operations and on Israel’s economy in general are difficult to

predict and may be intertwined with wider macroeconomic indications of a deterioration of Israel’s economic standing, which may

have a material adverse effect on the Company and its ability to effectively conduct some of its operations.

Additionally, any hostilities

involving Israel or the interruption or curtailment of trade between Israel and its trading partners could adversely affect our operations

and results of operations.

Although the Israeli government currently covers the reinstatement value of direct damages that are caused

by terrorist attacks or acts of war, we cannot assure you that this government coverage will be maintained or that it will sufficiently

cover our potential damages.

Any losses or damages incurred by us could have a material adverse effect on our business.

Any armed conflicts

or political instability in the region would likely negatively affect business conditions and could harm our results of operations.

In connection with the Israeli

security cabinet’s declaration of war against Hamas and possible hostilities with other organizations, several hundred thousand

Israeli military reservists were drafted to perform immediate military service.

As of March 20, 2025, none of our employees and regular

consultants in Israel have been called from time to time for reserve service but may be called, for service in the current or future wars

or other armed conflicts in connection with the multi-front war that Israel is facing, and such persons may be absent for an extended

period of time.

As a result, our operations in Israel may be disrupted by such absences, which disruption may materially and adversely

affect our business, prospects, financial condition and results of operations.

Further, in the past, the

7 unchanged sentences

Moreover, we cannot predict how this war will ultimately affect Israel’s economy in general,

which may involve a downgrade in Israel’s credit rating by rating agencies (such as the recent downgrade by Moody’s of its

credit rating of Israel from A1 to A2, as well as the downgrade of its outlook rating from “stable” to “negative”).

We may also be targeted by cyber terrorists specifically because we are an Israeli-related company.

to the Hamas attack in October 2023, the Israeli government pursued extensive changes to Israel’s judicial system.

In response to

the foregoing developments, individuals, organizations and institutions, both within and outside of Israel, have voiced concerns that

the proposed changes may negatively impact the business environment in Israel including due to reluctance of foreign investors to invest

or transact business in Israel as well as to increased currency fluctuations, downgrades in credit rating, increased interest rates, increased

volatility in securities markets, and other changes in macroeconomic conditions.

The risk of such negative developments has increased

in light of the recent Hamas attacks and the war against Hamas declared by Israel, regardless of the proposed changes to the judicial

system and the related debate.

To the extent that any of these negative developments do occur, they may have an adverse effect on our

business, our results of operations and our ability to raise additional funds, if deemed necessary by our management and board of directors.

which may involve additional downgrade in Israel’s credit rating by rating agencies (such as the recent downgrade by Moody’s

of its credit rating of Israel from A2 to Baa1, maintaining its outlook rating “negative”).

We may also be targeted by cyber

terrorists specifically because we are an Israeli-related company.

In addition, in January 2024 the International Court of Justice, or

ICJ, issued an interim ruling in a case filed by South Africa against Israel in December 2023, making allegations of genocide amid and

in connection with the war in Gaza, and ordered Israel, among other things, to take measures to prevent genocidal acts, prevent and punish

incitement to genocide, and take steps to provide basic services and humanitarian aid to civilians in Gaza.

There are concerns that companies

and businesses will terminate, and may have already terminated, certain commercial relationships with Israeli companies following the

ICJ decision.

The foregoing efforts by countries, activists and organizations, particularly if they become more widespread, as well as

the ICJ rulings and future rulings and orders of other tribunals against Israel (if handed), may materially and adversely impact our

ability to sell our products outside of Israel.

Prior to the Hamas attack

in October 2023, the Israeli government pursued extensive changes to Israel’s judicial system.

In response to the foregoing developments,

individuals, organizations and institutions, both within and outside of Israel, have voiced concerns that the proposed changes may negatively

impact the business environment in Israel including due to reluctance of foreign investors to invest or transact business in Israel as

well as to increased currency fluctuations, downgrades in credit rating, increased interest rates, increased volatility in securities

markets, and other changes in macroeconomic conditions.

The risk of such negative developments has increased in light of the recent Hamas

attacks and the multi-front war Israel is facing, regardless of the proposed changes to the judicial system and the related debate.

the extent that any of these negative developments do occur, they may have an adverse effect on our business, our results of operations

and our ability to raise additional funds, if deemed necessary by our management and board of directors.

Our operations are subject to currency and

57 unchanged sentences

We operate in a competitive industry .

While we believe that we are

the only developer and manufacturer of UASs capable of pinpoint accurate firing of light weapons, the UAS market generally in which we

participate is highly competitive and becoming more so.

This market is also characterized by rapid and innovative technological change.

If we are unable to improve existing systems and products and develop new systems and technologies in order to meet evolving customer

demands, our business could be adversely affected.

In addition, our competitors could introduce new products with innovative capabilities,

which could adversely affect our business.

We compete with many large and mid-tier defense companies on the basis of system performance,

cost, overall value, delivery and reputation.

Many of these competitors are larger and have greater resources than us, and therefore may

be better positioned to take advantage of economies of scale and develop new technologies.

Our industry is characterized

by rapid and innovative technological change.

If we are unable to improve existing systems and products and develop new systems and technologies

in order to meet evolving customer demands, our business could be adversely affected.

In addition, our competitors could introduce new

products with innovative capabilities, which could adversely affect our business.

We compete with many large and mid-tier defense companies

on the basis of system performance, cost, overall value, delivery and reputation.

Many of these competitors are larger and have greater

resources than us, and therefore may be better positioned to take advantage of economies of scale and develop new technologies.

Undetected problems in our products could

impair our financial results and give rise to potential product liability claims.

If there are defects in the

design, production or testing of our products and systems, we could face substantial repair, replacement or service costs, potential liability

and damage to our reputation.

Defects or malfunctioning of our products, if they were to occur, would likely result in significant damage

and loss of life.

We may not be able to obtain product liability or other insurance to fully cover such risks, and our efforts to implement

appropriate design, testing and manufacturing processes for our products or systems may not be sufficient to prevent such occurrences,

which could have a material adverse effect on our business, results of operations and financial condition.

there are defects in the design, production or testing of our products and systems, we could face substantial repair, replacement or service

costs, potential liability and damage to our reputation.

Defects or malfunctioning of our products, if they were to occur, would likely

result in significant damage and loss of life.

We may not be able to obtain product liability or other insurance to fully cover such risks,

and our efforts to implement appropriate design, testing and manufacturing processes for our products or systems may not be sufficient

to prevent such occurrences, which could have a material adverse effect on our business, results of operations and financial condition.

Our business depends on proprietary technology

9 unchanged sentences

may be limited because:

intellectual property laws in certain jurisdictions may be relatively ineffective;

detecting infringements and enforcing proprietary rights may divert management’s attention and company resources;

contractual measures such as non-disclosure agreements and confidentiality provisions may afford only limited protection;

any patents we may receive will expire, thus providing competitors access to the applicable technology;

competitors may independently develop products that are substantially equivalent or superior to our products or circumvent our intellectual property rights;

competitors may register patents in technologies relevant to our business areas;

● intellectual property laws in

certain jurisdictions may be relatively ineffective;

● detecting infringements and

enforcing proprietary rights may divert management’s attention and company resources;

● contractual measures such as

non-disclosure agreements and confidentiality provisions may afford only limited protection;

● any patents we may receive will

expire, thus providing competitors access to the applicable technology;

● competitors may independently

develop products that are substantially equivalent or superior to our products or circumvent our intellectual property rights;

● competitors may register patents

in technologies relevant to our business areas;

In addition, various parties

96 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.

What changed 10-K

Item 1A. Risk Factors