10 unchanged sentences
the Company may be unable to fully review and certify certain financial statements that it needs to permit the Company to file
−Removed: timely and accurate quarterly Reports on Form 10-Q, including for the quarter ended June 30, 2020, by the prescribed dates without
−Removed: undue hardship and expense to the Company.
+Added: timely and accurate quarterly Reports on Form 10-Q, including for the quarter ended September 30, 2020, by the prescribed dates
+Added: without undue hardship and expense to the Company.
massive and currently unknown short- and long-term economic impacts of COVID-19 may impact our business and ability to raise capital.
73 unchanged sentences
monetize the intellectual property it owns.
−Removed: of June 30, 2020, we own United States Patents Nos.
+Added: of September 30, 2020, we own United States Patents Nos.
8,574,501 B1, originally issued November 5, 2013 and 8,795,597 B2, issued
266 unchanged sentences
have a substantial amount of indebtedness, which requires significant interest payments.
−Removed: As of June 30, 2020, we had total liabilities
−Removed: of $8,122,042, including $2,372,658 of current debt (net of debt discounts totaling $142,888), bearing an average cash interest
−Removed: of 17.3% per year.
−Removed: We also have additional long-term liabilities of $525,000, in the form of a 3-year interest-only note payable,
−Removed: bearing interest at 7.5%, paid semi-annually, with principal and accrued interest due in July 2022.
−Removed: For more details on our
−Removed: indebtedness, please see Notes 5 and 6 to our Financial Statements.
+Added: As of September 30, 2020, we had total
+Added: liabilities of $8,486,991, including $2,284,583 of current debt owed to related parties (net of debt discounts totaling
+Added: $26,389), bearing an average cash interest of 17.1% per year.
+Added: We also have additional long-term liabilities of $525,000, in the
+Added: form of a 3-year interest-only note payable, bearing interest at 7.7%, paid semi-annually, with principal and accrued interest
+Added: due in July 2022.
+Added: For more details on our indebtedness, please see Notes 5 and 6 to our Financial Statements.
substantial level of indebtedness could have important consequences, including the following:
45 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.