What changed in this filing

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Item 1A. Risk Factors

2021-08-12 compared with 2021-05-13 · 44 added, 31 removed, 4 unchanged (95% of the section changed)

The COVID-19 pandemic has

spread across the globe and continues to negatively impact worldwide economic activity and has impacted our

Company in a number of ways.

COVID-19 has increased the risk that the Company or its employees, suppliers, customers and other

commercial partners may be prevented from conducting business for an indefinite period of time, including due to the spread of the disease

or shutdowns requested or mandated by governmental authorities.

Specifically, COVID-19 has increased the risk of customers’

to pay for our products and services and has the potential to impact collections of accounts receivable.

The Company has transitioned

some of its employees to working remotely, which subjects the Company to increased cybersecurity risks and may reduce workplace efficiency.

Business shutdowns have disrupted our supply chain and the manufacture or shipment of our products and have delayed the rollout of our

smart enabled retail products to big box retail stores.

The full extent of COVID-19’s

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

on our business.

Any of the issues discussed above could have a material adverse effect on our business if this continues for an extended

period of time.

If we incur significant declines in customer orders, increased aging of accounts receivable or other negative consequences

due to COVID-19, the extent of which remains highly uncertain, it will have a material adverse effect on our business, financial condition

and results of operations.

While we attempt to identify,

manage, and mitigate risks and uncertainties associated with our business to the extent practical under the circumstances, some level

of risk and uncertainty will always be present.

Item 1A - “Risk Factors”

in the Form 10-K describes some of the risks and

uncertainties associated with our business, which we strongly encourage you to review.

These risks and uncertainties have the potential

to materially affect our business, financial condition, results of operations, cash flows, projected results, and future prospects.

have been no material changes in our risk factors from those disclosed in the Form 10-K.

ongoing COVID-19 pandemic and measures intended to prevent its spread have had, and may continue to have, a material and adverse effect

on our business and results of operations.

health concerns relating to the COVID-19 pandemic and related government actions taken to reduce the spread of the virus have been weighing

on the macroeconomic environment, and the pandemic has significantly increased economic uncertainty and reduced economic activity.

businesses, which represent a large portion of our design customers, have been impacted particularly hard.

The pandemic has resulted

in government authorities and businesses implementing numerous measures to try to contain the virus, such as travel bans and restrictions,

quarantines, shelter in place or total lock-down orders, school closures, and business limitations and shutdowns.

Such measures have

contributed significantly to increased unemployment and negatively impacted consumer and business spending.

Business shutdowns have disrupted

our supply chain and the manufacture or shipment of our products and delayed the rollout of our retail distribution products.

pandemic has caused us to modify our business practices to help minimize the risk of the virus to our employees, our customers, and the

communities in which we participate, which could negatively impact our business.

We continue to permit employees to work remotely, which

subjects the Company to increased cybersecurity risks and may reduce workplace efficiency.

As the availability of vaccines has increased

and COVID-19 case rates have diminished, we have gradually begun a phased reopening of our offices.

We continue to employ additional

safety measures in our offices, including enhanced cleaning and sanitation, mask wearing, suspending international business travel for

our employees and limiting domestic business travel, limiting external guests visiting our offices, and holding most meetings and events

Local conditions may require us to move back under more restrictive guidelines, which could include mandatory remote work

and additional safety measures.

Given the continually evolving situation, there is no certainty that the measures we have taken will

be sufficient to mitigate the risks posed by the virus.

full extent to which the COVID-19 pandemic will continue to impact our business, results of operations, and financial condition remains

uncertain and will depend on developments that remain uncertain and difficult to predict, including, but not limited to, the duration

and spread of the pandemic, its severity, the actions to contain the virus or treat its impact, the availability, distribution and efficacy

of vaccines, and acceptance by the population to get the vaccine and how quickly and to what extent normal economic and operating conditions

Even after the COVID-19 pandemic has subsided, we may experience material and adverse impacts to our business as a result of

the virus’s global economic impact, including the availability of credit, bankruptcies or insolvencies of customers, and recession

or economic downturn.

of the issues discussed above could have a material adverse effect on our business if this continues for an extended period of time.

If we incur significant declines in customer orders, increased aging of accounts receivable or other negative consequences due to COVID-19,

the extent of which remains highly uncertain, it will have a material adverse effect on our business, financial condition and results

of operations.

we attempt to identify, manage, and mitigate risks and uncertainties associated with our business to the extent practical under the circumstances,

some level of risk and uncertainty will always be present.

Item 1A - “Risk Factors” in the Form 10-K describes some of the

risks and uncertainties associated with our business, which we strongly encourage you to review.

These risks and uncertainties have the

potential to materially affect our business, financial condition, results of operations, cash flows, projected results, and future prospects.

There have been no material changes in our risk factors from those disclosed in the Form 10-K.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

were no unregistered sales of the Company’s equity securities during the 2021 Quarter that were not previously disclosed in a Current

Report on Form 8-K.

1 unchanged sentence

MINE SAFETY DISCLOSURES

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.

What changed 10-Q

Item 1A. Risk Factors