2 unchanged sentences
Brands include Liberator ® , a brand category of iconic products for enhancing sensuality and intimacy;
−Removed: Avana ® , Top-of-Bed Comfort products and inclined bed therapy products, assistive in relieving medical conditions associated with acid reflux, surgery recovery, and chronic pain;
−Removed: and Jaxx ® , a diverse range of casual fashion daybeds, sofas and beanbags made from virgin and re-purposed polyurethane foam.
+Added: Jaxx ® , a diverse range of casual fashion daybeds, sofas and beanbags made from virgin and re-purposed polyurethane foam;
+Added: and Avana ® , products of yoga exercises, sleep comfort, and inclined bed therapy.
These products are sold through the Company’s websites, online mass merchants, and retail stores worldwide.
7 unchanged sentences
Our corporate website is www.LuvuBrands.com .
−Removed: There we make available copies of Luvu Brands documents, news releases and our filings with the U.S.
−Removed: Securities and Exchange Commission, the “SEC”, including financial statements.
+Added: We make available copies of Luvu Brands' documents, news releases, and our filings with the U.S.
+Added: Securities and Exchange Commission, also known as the “SEC”, including financial statements.
Unless specifically set forth to the contrary, the information that appears on our websites or our various social media platforms is not part of this annual report.
30 unchanged sentences
Manufacturing .
−Removed: To improve our business results, we constantly look for ways to manage the impact of rising raw material and labor costs by improving the productivity of our Lean manufacturing processes.
−Removed: As demand for certain high-volume products continues to increase, we plan to shift more of the sewing of those products to a contract facility in Mexico.
+Added: To improve our business results, we constantly look for ways to manage the impact of rising raw material and labor costs by improving the productivity and efficiency of our manufacturing processes.
+Added: As demand for certain high-volume products continues to increase, we plan to shift more production to low cost international manufacturers.
Sustainability .
8 unchanged sentences
As the mainstream demand for Sexual Wellness products grows, our sales staff is training and educating new resellers on how to get started in this category.
−Removed: For retail display, we offer mainstream packaging in a variety of sizes and price points to meet their customers’ particular demographic.
+Added: For retail display, we offer mainstream packaging in a variety of sizes and price points to meet their customers' particular demographics.
We offer all our brands for sale through various e-tailers, and for these customers, we maintain brand continuity by providing rich product content, photography and instructional videos for use on their websites.
23 unchanged sentences
We have a growing number of retailers who have added a dedicated Liberator exhibition concept to their merchandising space.
−Removed: We also sell our products in Europe through a Germany-based exclusive distributor.
Jaxx Casual Seating
4 unchanged sentences
The Jaxx product line and accessory products are sold through the following wholesale channels:
−Removed: (1) modern furniture e-tailers, (2) mass marketers, (3) mail order catalogers, (4) interior designers, (5) schools and daycare centers, and (6) retail furniture stores.
+Added: (1) modern furniture e-tailers, (2) mass marketers, (3) specialty retailers, (4) interior designers, (5) schools and daycare centers, and (6) retail furniture stores.
We also offer Jaxx private label and custom designs for large regional and national furniture chains.
21 unchanged sentences
Jaxxbeanbags.com offers a collection of contemporary indoor and outdoor fashion seating, daybeds, children’s play couches and modular Panelist wall mounted headboards.
−Removed: AvanaComfort.com presents our collection of top-of-bed comfort products, specialty pillows and mattress elevators proven effective in controlling reflux and GERD symptoms during sleep.
+Added: AvanaComfort.com presents our collection of top-of-bed comfort products, specialty pillows, and yoga inspired furniture.
Sources and Availability of Raw Materials
4 unchanged sentences
Changes in U.S.
−Removed: trade policy, including tariffs on certain goods imported into the United States from China, have increased the costs of certain raw materials, parts or components used in our products.
+Added: trade policy, including tariffs on certain goods imported into the United States from international suppliers have increased the costs of certain raw materials, parts or components used in our products.
Such an increase may materially and adversely affect our sales and our business, as we may increase the selling prices of our products.
If any increase in costs of goods cannot be passed on to our customers, our business and gross profit may be materially and adversely affected.
+Added: Purchases of manufactured goods that are impacted by tariffs will also require the Company to pass along any price increases to the customers where ever possible.
Major Customers
4 unchanged sentences
For Liberator products, our primary competitive advantage is consumer recognition of our iconic brand.
−Removed: Due to the strength of our brand, we have some direct competition for the majority of our Liberator branded products.
+Added: Due to the strength of our brand, we have some direct competition for a portion of our Liberator branded products.
In fact, many e-commerce websites refer to Liberator as a product category and not as a generic sex furniture listing.
16 unchanged sentences
“Bedroom Adventure Gear” ® , Ramp ® , Wedge ® , Stage ® , Esse ® , Zeppelin ® , Hipster ® , Wing ® , Equus ® , Jaxx ® , Avana ® , and Bonbon ® .
−Removed: In August 2005, we were issued utility patent number US 6,925,669 “Support Cushion and System of Cushions.” We believe our trademarks and patent have significant value and we intend to continue to vigorously protect them against infringement.
+Added: We believe our trademarks have significant value and we intend to continue to vigorously protect them against infringement.
Human Capital and Resources
17 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.