LEGAL PROCEEDINGS
−Removed: On August 26, 2024, a former software engineer
−Removed: filed an action against Perfecular Inc., a wholly owned subsidiary of the Company, in the Superior Court for the County of San Bernardino,
−Removed: State of California alleging wrongful termination and other violations of the California Labor Code.
−Removed: The complaint sought unspecified
−Removed: economic and non-economic losses, as well as attorneys’ fees.
−Removed: On April 25, 2025, the Company and the software engineer entered into
−Removed: a confidential settlement agreement which concluded this matter and releases all claims against the Company.
+Added: On August 26, 2024, a former software engineer filed
+Added: an action against Perfecular Inc., a wholly owned subsidiary of the Company, in the Superior Court for the County of San Bernardino, State
+Added: of California alleging wrongful termination and other violations of the California Labor Code.
+Added: The complaint sought unspecified economic
+Added: and non-economic losses, as well as attorneys’ fees.
+Added: On April 25, 2025, the Company and the software engineer entered into a confidential
+Added: settlement agreement which concluded this matter and releases all claims against the Company.
On October 28, 2024, MGR Real Estate, Inc.
4 unchanged sentences
entered into a confidential settlement agreement which concluded this matter and releases all claims against
−Removed: The impact has been accounted for in these financial statements.
−Removed: We are a smaller reporting company as defined
−Removed: by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
+Added: The minimal impact of this settlement has been accounted for in these financial statements.
+Added: On May 13, 2020, a former Chief Operation Officer
+Added: (COO) and Sales and Marketing Director filed an action against AVX Design & Integration, Inc., a wholly owned subsidiary of the Company,
+Added: in the Superior Court for the County of Los Angeles, State of California alleging wrongful termination and other violations of the California
+Added: The complaint sought unspecified economic and non-economic losses, as well as attorneys’ fees.
+Added: On August 29, 2025, the
+Added: Company and former COO and Sales and Marketing Director into a confidential settlement agreement which concluded this matter and releases
+Added: all claims against the Company.
+Added: This agreed upon settlement, though not finally executed as of yet, has been accounted for in these financial
+Added: We are a smaller reporting company as defined by Rule
+Added: 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
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.