You should carefully consider the risks and uncertainties described below before deciding to invest in shares of our common stock.
−Removed: If any of the following risks or uncertainties actually occurs, our business, prospects, financial condition and operating results would likely suffe r .
+Added: If any of the following risks or uncertainties actually occur, our business, prospects, financial condition and operating results would likely suffe r .
In that event, the market price of our common stock could decline, and you could lose all or part of your investment.
32 unchanged sentences
As a strategic response to changes in the competitive environment, we may from time to time make certain service, marketing or supply decisions or acquisitions that could have a material adverse effect on our results of operations and financial condition.
−Removed: In 2023, our revenues were derived from our shipping coordination, shipping label generation services, shipping calculator services, merchant payment processing and brewery management software solutions.
+Added: In 2024, our revenues were derived from our shipping coordination, shipping label generation services, shipping calculator services, and eCommerce solutions.
The successful operation of our business depends upon the supply of critical technology elements from other third parties, including our internet service provider and technology licensors.
3 unchanged sentences
From time to time, we have experienced temporary interruptions in our website’s connection and also our telecommunications access.
−Removed: The Company has recently secured a secondary subscription for our internet services and have migrated our hosted services to a cloud based offsite location in order to mitigate any potential outages.
−Removed: We license technology and related databases from third parties for certain elements of our properties.
+Added: The Company has migrated our hosted services to a cloud based offsite location in order to mitigate any potential outages.
+Added: We license technology and related databases from third parties for certain elements of our property.
Furthermore, we are dependent on hardware suppliers for prompt delivery, installation, and service of servers and other equipment to deliver our products and services.
−Removed: Our internally developed software depends on operating system, database and server software that was developed and produced by and licensed from third parties.
−Removed: We have from time-to-time discovered errors and defects in the software from these third parties and, in part, rely on these third parties to correct these errors and defects in a timely manner.
−Removed: Any errors, failures, interruptions, or delays experienced in connection with these third-party technologies and information services could negatively impact our relationship with users and adversely affect our brand and our business and could expose us to liabilities to third parties.
+Added: Our internally developed software depends on the operating system, database and server software that was developed and produced by and licensed from third parties.
+Added: We have discovered from time-to-time errors and defects in the software from these third parties and, in part, rely on these third parties to correct these errors and defects in a timely manner.
+Added: Any errors, failures, interruptions, or delays experienced in connection with these third-party technologies and information services could negatively impact on our relationship with users and adversely affect our brand and our business and could expose us to liabilities to third parties.
Our failure to manage growth could place a significant strain on our management, operational and financial resources.
−Removed: Growth places a significant strain on our management, operational and financial resources, and has placed significant demands on our management, which currently include two executive officers, a director of sales and a vice president of finance.
+Added: Growth places a significant strain on our management, operational and financial resources, and has placed significant demands on our management, which currently include two executive officers, a director of marketing, a vice president of sales and a vice president of finance.
In order to manage growth, we will be required to expand existing operations, particularly with respect to enhanced product offerings, customer service and development, to improve existing and implement new operational, financial systems, procedures and controls.
−Removed: In 2023, the Company added a significant number of consultants to assist with development and will continue to add technical and marketing personnel.
+Added: In 2024, the Company added several consultants to assist with development of the Paid platform and operational needs and will continue to add technical and marketing personnel.
We have experienced some strain on our resources because of:
1 unchanged sentence
pressures for the continued development of our core of software products;
−Removed: the need for additional development and technology personnel.
+Added: the need for additional operational, finance, development, and technology personnel.
Difficulties we may encounter in dealing successfully with the above risks could seriously harm our operations.
−Removed: We cannot offer any assurance that our current personnel, systems, procedures and controls will be adequate to support our future operations or that management will be able to identify, hire, train, retain, motivate and manage required personnel.
+Added: We cannot offer any assurance that our current personnel, systems, procedures and controls will be adequate to support our future operations or that management will be able to identify, hire, train, retain, motivate and manage the required personnel.
Our Company's success still depends upon the continued services of its current management and other relationships.
11 unchanged sentences
We have added five new employees with minimal turnover in the last year.
−Removed: We cannot offer assurances that we will be successful in attracting, assimilating or retaining the necessary personnel, and the failure to do so could have an adverse effect on our business.
+Added: We cannot offer assurances that we will be successful in attracting, assimilating or retaining the necessary personnel, and failure to do so could have an adverse effect on our business.
Our success depends upon market awareness of our brand.
9 unchanged sentences
A key element of our strategy is to generate a high volume of traffic to and use of, our products.
−Removed: Accordingly, the satisfactory performance, reliability and availability of the shipping calculations, transaction processing systems and network infrastructure are critical to our operating results, as well as our reputation and our ability to attract and retain customers and maintain adequate customer service levels.
+Added: Accordingly, satisfactory performance, reliability and availability of the shipping calculations, transaction processing systems and network infrastructure are critical to our operating results, as well as our reputation and our ability to attract and retain customers and maintain adequate customer service levels.
We periodically have experienced minor systems interruptions, including internet disruptions.
Some of the interruptions are due to upgrading our technology.
−Removed: During these upgrades, the outages have generally lasted less than an hour.
+Added: During these upgrades, the outages generally lasted less than an hour.
Any systems interruptions, including internet disruptions, which result in the unavailability of our services, could harm our business.
2 unchanged sentences
we will be able to accurately project the rate or timing of increases if any, in the use of our services;
−Removed: we will have uninterrupted access to the internet.
−Removed: Any disruption in the Internet access to our websites and services or any systems failures could significantly reduce consumer demand for our services, diminish the level of traffic to our products, impair our reputation and reduce our e-commerce and advertising revenues.
+Added: Any disruption in access to our websites and services or any systems failures could significantly reduce consumer demand for our services, diminish the level of traffic to our products, impair our reputation and reduce our e-commerce and advertising revenues.
We currently identify vulnerabilities with our communications hardware and computer hardware.
Our main servers are cloud-based and are located within two separate third party hosting facilities.
−Removed: The cloud-based servers are spread across North America.
+Added: The virtual servers are spread across North America.
ShipTime maintains several non-critical servers which are located in Canada with daily operations conducted in Oakville, Ontario.
13 unchanged sentences
Our success is dependent in part on our ability to obtain and maintain proprietary protection for our technologies and processes.
−Removed: Our most important intellectual property relates to the software for our shipping calculator, label generation and payment processing products.
+Added: Our most important intellectual property relates to the software for our shipping calculator, label generation and eCommerce solutions.
We do not have any patents or patent applications for our designs or innovations, except for our patent with respect to our online auction shipping and tax calculator.
56 unchanged sentences
We believe that a significant barrier to e-commerce and communications is the secure transmission of confidential information over public networks.
−Removed: We cannot give an assurance that advances in computer capabilities, new discoveries in the field of cryptography or other events or developments will not result in a compromise or breach of the algorithms we use to protect customer transaction data.
+Added: We cannot give assurance that advances in computer capabilities, new discoveries in the field of cryptography or other events or developments will not result in a compromise or breach of the algorithms we use to protect customer transaction data.
If this compromise of our security were to occur, it could have a material adverse effect on our business, results of operations and financial condition.
A party who is able to circumvent our security measures and those of our third-party providers could misappropriate proprietary information or cause interruptions in our operations.
−Removed: To the extent that activities of our Company or third-party contractors involve the storage and transmission of proprietary information.
+Added: To the extent that the activities of our Company or third-party contractors involve the storage and transmission of proprietary information.
Security breaches could expose us to a risk of loss or litigation and possible liability.
5 unchanged sentences
However, due to the increasing popularity and use of the internet, it is possible that a number of laws and regulations may be adopted with respect to the internet, covering issues such as user privacy, freedom of expression, pricing, content and quality of products and services, fraud, taxation, advertising, intellectual property rights and information security.
+Added: As the company expands its products, services and geographical scope, it may face new regulatory requirements.
Compliance with additional regulation could hinder our growth or prove to be prohibitively expensive.
2 unchanged sentences
Our failure to qualify as a foreign corporation in a jurisdiction where it is required to do so could subject our Company to taxes and penalties for the failure to qualify.
−Removed: Any new legislation or regulation, or the application of laws or regulations from jurisdictions whose laws do not currently apply to our business, could have a material adverse effect our business, results of operations and financial condition.
+Added: Any new legislation or regulation, or the application of laws or regulations from jurisdictions whose laws do not currently apply to our business, could have a material adverse effect on our business, results of operations and financial condition.
Risks Associated with our Common Stock
10 unchanged sentences
general conditions and trends on the internet and e-commerce industries.
−Removed: The trading prices of many technology companies' stock have experienced extreme price and volume fluctuations.
+Added: The trading prices of many technologies companies' stock have experienced extreme price and volume fluctuations.
These fluctuations often have been unrelated or disproportionate to the operating performance of these companies.
19 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.