What changed in this filing

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Item 1A. Risk Factors

2022-08-08 compared with 2022-05-11 · 45 added, 33 removed, 12 unchanged (87% of the section changed)

With the exception of the risk factors noted below, there have been no material changes from our risk factors as

previously reported in our Annual Report on Form 10-K for the year ended December 31, 2021.

With the exception of the risk factors noted below, there have been no material changes from our risk factors as previously reported in our Annual Report on Form 10-K for the year

ended December 31, 2021.

However, any investment in our business involves a high degree of risk.

Before making an investment decision, you should carefully consider the information we

include in this Quarterly Report on Form 10-Q, including our unaudited interim condensed consolidated financial statements and accompanying notes, our Annual Report on Form 10-K for the year ended December 31, 2021 filed on March 31, 2022, including

our financial statements and related notes contained therein, and the additional information in the other reports we file with the Securities and Exchange Commission.

These risks may result in material harm to our business and our financial condition

and results of operations.

In this event, the market price of our common stock may decline and you could lose part or all of your investment.

risks that we currently believe are immaterial may also impair our business operations.

Our business, financial conditions and future prospects and the trading price of our common stock could be harmed as a result of any of these risks.

Our operations and business, financial condition, and prospects may be adversely affected by the current military conflict between Russia

and Ukraine and other future social and geopolitical instability.

Before making an investment decision, you should carefully consider the information we include in this Quarterly Report on Form 10-Q, including our

unaudited interim condensed consolidated financial statements and accompanying notes, our Annual Report on Form 10-K for the year ended December 31, 2021 filed on March 31, 2022, including our financial statements and related notes contained therein,

and the additional information in the other reports we file with the Securities and Exchange Commission.

These risks may result in material harm to our business and our financial condition and results of operations.

In this event, the market price of

our common stock may decline and you could lose part or all of your investment.

Additional risks that we currently believe are immaterial may also impair our business operations.

Our business, financial

conditions and future prospects and the trading price of our common stock could be harmed as a result of any of these risks.

We are currently operating in a period of economic uncertainty and capital markets disruption,

which has been significantly impacted by geopolitical instability, an ongoing military conflict between Russia and Ukraine, and record inflation.

Our business, financial condition and results of operations could be materially adversely affected by

any negative impact on the global economy and capital markets resulting from the conflict in Ukraine, geopolitical tensions, or record inflation.

We are exposed to the risk of changes in social, geopolitical, legal, and economic conditions.

The global economy has been, and may

continue to be, negatively impacted by Russia’s invasion of Ukraine.

As a result of Russia’s invasion of Ukraine, the United States, the European Union, the United Kingdom, and other G7 countries, among other countries, have imposed substantial

financial and economic sanctions on certain industry sectors and parties in Russia.

The global economy has

been, and may continue to be, negatively impacted by Russia’s invasion of Ukraine.

As a result of Russia’s invasion of Ukraine, the United States, the European Union, the United Kingdom, and other G7 countries, among other countries, have imposed

substantial financial and economic sanctions on certain industry sectors and parties in Russia.

Broad restrictions on exports to Russia have also been imposed.

These measures include:

(i) comprehensive financial sanctions against major Russian banks;

additional designations of Russian individuals with significant business interests and government connections;

(i) comprehensive financial sanctions against major Russian

(ii) additional designations of Russian individuals with significant business interests and government connections;

(iii) designations of individuals and entities involved in Russian military activities;

and (iv) enhanced export controls and trade sanctions

limiting Russia’s ability to import various goods.

The negative impacts arising from the conflict and these sanctions and export restrictions may include reduced consumer demand, supply chain disruptions and increased costs for transportation, energy,

and raw materials.

Although none of our operations are in Russia or Ukraine, further escalation of geopolitical tensions could have a broader impact that expands into other markets where we do business, which may adversely affect our business and

financial condition, results of operations and prospects.

Our results of operations and liquidity needs could be materially affected by market fluctuations and general economic conditions

Our results of operations could be materially affected by economic conditions generally, both in the United States and elsewhere around

Concerns over inflation.

Energy costs, geopolitical issues, and the availability and cost of credit have in the past and may continue to contribute to increase volatility and diminished expectations of the economy and markets going forward.

and (iv) enhanced export controls and

trade sanctions limiting Russia’s ability to import various goods.

Although the length and impact of the ongoing military conflict is highly unpredictable, the conflict in Ukraine has

led to market disruptions, including significant volatility in commodity prices, credit markets, as well as supply chain interruptions, which has contributed to record inflation globally.

In addition, the ongoing Russian military actions and the

resulting sanctions could continue to adversely affect the global economy and financial markets and lead to instability and lack of liquidity in capital markets, potentially making it more difficult for us to obtain additional funds.

continuing to monitor inflation, the situation in Ukraine and global capital markets and assessing its potential impact on our business.

Although, to date, our business has not been materially impacted by the ongoing military conflict between Russian and

Ukraine, geopolitical tensions, or record inflation, it is impossible to predict the extent to which our operations will be impacted in the short and long term, or the ways in which such matters may impact our business.

The extent and duration of

the conflict in Ukraine, geopolitical tensions, record inflation and resulting market disruptions are impossible to predict but could be substantial.

Any such disruptions may also magnify the impact of other risks described in our Annual Report on

Form 10-K for the year ended December 31, 2021.

Our results of operations and

liquidity needs could be materially affected by market fluctuations and general economic conditions.

Our results of operations could be materially affected by economic

conditions generally, both in the United States and elsewhere around the world.

Concerns over inflation, energy costs, geopolitical issues, and the availability and cost of credit have in the past and may continue to contribute to increase

volatility and diminished expectations of the economy and markets going forward.

Market upheavals may have an adverse effect on us.

In the event of a market downturn, our results of operations could be adversely affected.

Our future cost of equity or debt capital and access to the capital markets could be adversely affected, and

our stock price could decline.

Our future cost of equity

or debt capital and access to the capital markets could be adversely affected, and our stock price could decline.

There may be disruption or delay in the performance of our third-party contractors and suppliers.

If our contractors, suppliers and partners are unable to satisfy their contractual obligations, our business could suffer.

In addition, we maintain significant amounts of cash and cash equivalents at one financial institution that are in excess of federally insured limits, and we may experience losses on those deposits.

If our contractors, suppliers and

partners are unable to satisfy their contractual obligations, our business could suffer.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There were no unregistered sales of the Company’s equity securities during the three months ended March 31, 2022.

There were no unregistered sales of the Company’s equity securities during the three months ended June 30, 2022.

DEFAULTS UPON SENIOR SECURITIES

2 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.

What changed 10-Q

Item 1A. Risk Factors