−Removed: pandemic has spread across the globe and continues to negatively impact worldwide economic activity and has impacted our
+Added: The COVID-19 pandemic has
+Added: spread across the globe and continues to negatively impact worldwide economic activity and has impacted our
Company in a number of ways.
−Removed: COVID-19 has increased the risk that the Company or its employees, suppliers, customers
−Removed: and other commercial partners may be prevented from conducting business for an indefinite period of time, including due to
−Removed: the spread of the disease or shutdowns requested or mandated by governmental authorities.
−Removed: Specifically, COVID-19 has
−Removed: increased the risk of customers’
−Removed: inability to pay for our products and services and has the potential to impact
−Removed: collections of accounts receivable.
−Removed: The Company has transitioned some of its employees to working remotely,
−Removed: which subjects the Company to increased cybersecurity risks and may reduce workplace efficiency.
−Removed: Business shutdowns have
−Removed: disrupted our supply chain and the manufacture or shipment of our products and have delayed the rollout of our smart enabled
−Removed: retail products to big box retail stores.
−Removed: The full extent of
−Removed: COVID-19’s negative impact on our business remains uncertain and it is not possible at this time to estimate the full impact
−Removed: that COVID-19 will have on our business.
−Removed: Any of the issues discussed above could have a material adverse effect on our business
−Removed: if this continues for an extended period of time.
−Removed: If we incur significant declines in customer orders, increased aging of accounts
−Removed: receivable or other negative consequences due to COVID-19, the extent of which remains highly uncertain, it will have a material
−Removed: adverse effect on our business, financial condition and results of operations.
−Removed: While we attempt
−Removed: to identify, manage, and mitigate risks and uncertainties associated with our business to the extent practical under the circumstances,
−Removed: some level of risk and uncertainty will always be present.
+Added: COVID-19 has increased the risk that the Company or its employees, suppliers, customers and other
+Added: commercial partners may be prevented from conducting business for an indefinite period of time, including due to the spread of the disease
+Added: or shutdowns requested or mandated by governmental authorities.
+Added: Specifically, COVID-19 has increased the risk of customers’
+Added: to pay for our products and services and has the potential to impact collections of accounts receivable.
+Added: The Company has transitioned
+Added: some of its employees to working remotely, which subjects the Company to increased cybersecurity risks and may reduce workplace efficiency.
+Added: Business shutdowns have disrupted our supply chain and the manufacture or shipment of our products and have delayed the rollout of our
+Added: smart enabled retail products to big box retail stores.
+Added: The full extent of COVID-19’s
+Added: negative impact on our business remains uncertain and it is not possible at this time to estimate the full impact that COVID-19 will have
+Added: on our business.
+Added: Any of the issues discussed above could have a material adverse effect on our business if this continues for an extended
+Added: period of time.
+Added: If we incur significant declines in customer orders, increased aging of accounts receivable or other negative consequences
+Added: due to COVID-19, the extent of which remains highly uncertain, it will have a material adverse effect on our business, financial condition
+Added: and results of operations.
+Added: While we attempt to identify,
+Added: manage, and mitigate risks and uncertainties associated with our business to the extent practical under the circumstances, some level
+Added: of risk and uncertainty will always be present.
Item 1A - “Risk Factors”
−Removed: in the Form 10-K describes some
−Removed: of the risks and uncertainties associated with our business, which we strongly encourage you to review.
−Removed: These risks and uncertainties
−Removed: have the potential to materially affect our business, financial condition, results of operations, cash flows, projected results,
−Removed: and future prospects.
−Removed: There have been no material changes in our risk factors from those disclosed in the Form 10-K.
+Added: in the Form 10-K describes some of the risks and
+Added: uncertainties associated with our business, which we strongly encourage you to review.
+Added: These risks and uncertainties have the potential
+Added: to materially affect our business, financial condition, results of operations, cash flows, projected results, and future prospects.
+Added: have been no material changes in our risk factors from those disclosed in the Form 10-K.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: were no unregistered sales of the Company’s equity securities during the 2021 Quarter that were not previously disclosed in a Current
+Added: Report on Form 8-K.
+Added: DEFAULTS UPON SENIOR SECURITIES
+Added: MINE SAFETY DISCLOSURES
+Added: Not Applicable.
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.