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As part of its intellectual property enforcement program, on July 22, 2020, the Company brought patent infringement suits against certain parties, including PEAG, LLC d/b/a jLab Audio and Skullcandy, Inc., alleging infringement of the Company’s patents relating to its wireless headphone technology and seeking monetary relief and attorneys’ fees.
−Removed: The lawsuits still unresolved are pending in U.S.
−Removed: District Courts in Southern District of California (PEAG, LLC) and District of Utah (Skullcandy, Inc.).
−Removed: In September 2025, the Company resolved the matter with One-E-Way relating to One-E-Way’s claims that some of the Company’s wireless products may infringe on certain One-E-Way patents.
−Removed: The Company resolved this matter at a cost of $22,200 which had been fully accrued for in the Company’s Consolidated Financial Statements at June 30, 2025.
+Added: The lawsuit against PEAG LLG d/b/a JLab Audio was dismissed on November 20, 2025 following resolution of the litigation between the parties.
+Added: One lawsuit is still unresolved and pending in the U.S.
+Added: District Court in the District of Utah (Skullcandy, Inc.).
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.