3 unchanged sentences
that are pending against the Company or that involve the Company that, in the opinion of management, could reasonably be expected to
−Removed: have a material adverse effect on the Company’s business or financial condition, other than the following.
−Removed: On April 17, 2019, a lawsuit was filed
−Removed: by Dupree Productions, LLC against uBid Holdings, Inc.
−Removed: and Ketan Thakker (Case No.
−Removed: L2019000436) in the Circuit Court of DuPage County,
−Removed: Illinois, alleging that a Partial Equity Payment Agreement dated August 1, 2016, which was intended to compensate services in the amount
−Removed: of $60,000 in return for shares of uBid common stock, was inadequate to compensate for the alleged higher value of advertising and endorsement
−Removed: services of approximately $195,000.
−Removed: The case was dismissed on the basis that there was a binding arbitration clause in the Partial Equity
−Removed: Payment Agreement.
−Removed: On February 3, 2021, the arbitrator awarded DuPree Productions $195,000, and $24,000 in attorneys’ fees, which
−Removed: was included in accrued expenses in the consolidated balance sheets as of December 31, 2021.
−Removed: The Company filed an appeal of the arbitrator’s
−Removed: On January 28, 2022, a final settlement of $150,000 was reached, which was paid on May 9, 2022.
−Removed: Since final settlement was $69,000
−Removed: less than the amount accrued by the Company, a gain on legal settlement of $69,000 was recognized in the statements of operations during
−Removed: the year ended December 31, 2022.
+Added: have a material adverse effect on the Company’s business or financial condition.
MINE SAFETY DISCLOSURES
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.