What changed in this filing

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Item 1A. Risk Factors

2025-05-15 compared with 2024-11-14 · 19 added, 14 removed, 3 unchanged (92% of the section changed)

description of the risks associated with our business, financial condition and results of operations is set forth in “Item 1A.

Risk Factors” of our annual report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the Securities and Exchange

Commission on July 26, 2024, and are supplemented with the following revised risk factor:

currently derive a significant portion of our revenues from two customers.

Material or significant loss of business from these customers

could have an adverse effect on our business, financial condition and operating results.

depend on two customers for a large portion of our business, and any change in the level of orders from these customers could have a

significant impact on our results of operations.

Approximately 26% and 11% of our sales during the three and nine months ended September

30, 2024, respectively, were made to one customer, and approximately 10% of our sales during the three months ended September 30, 2024,

were made to another customer.

Loss of business from these customers could have an adverse effect on our business, financial condition

A description of the risks associated with our business,

financial condition and results of operations is set forth in “Item 1A.

Risk Factors” of our annual report on Form 10-K for

the fiscal year ended December 31, 2024, as filed with the Securities and Exchange Commission on April 14, 2025, and are supplemented with the following revised risk factor:

significant portion of our revenues have historically been concentrated and derived from a few customers.

Material or significant loss

of business from customers could have an adverse effect on our business, financial condition and operating results.

We historically have depended, and expect to continue to depend on a small number of customers for a large portion

of our business each quarter, due to the scope of certain contracts.

Any change in the level of orders from customers could have a significant

impact on our results of operations, and a loss of business from customers could have an adverse effect on our business, financial condition

and operating results.

The majority of our sales to these customers were made pursuant to contract terms and conditions for each project.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Approximately 39% and 11% of our sales during the three months ended March 31, 2025, were made to Eneridge Inc.

and Verizon Communications Inc., respectively.

The majority of our sales to these customers and other customers in the past were made

pursuant to contract terms and conditions for each project and it is expected that future sales will similarly be made pursuant to the

relevant contract terms and conditions for future contracts.

UNREGISTERED SALES OF EQUITY SECURITIES

AND USE OF PROCEEDS

DEFAULTS UPON SENIOR SECURITIES

MINE SAFETY DISCLOSURES

Not applicable.

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