Legal Proceedings.
−Removed: The Company is not currently a party to any legal proceeding, investigation or claim which, in the opinion of the management, is likely to have a material adverse effect on the business, financial condition, results of operations or cash flows.
−Removed: Legal fees associated with any legal proceedings, are expensed as incurred.
−Removed: We review legal proceedings and claims on an ongoing basis and follow appropriate accounting guidance, including Accounting Standards Codification 450, “
−Removed: Contingencies ,”
−Removed: when making accrual and disclosure decisions.
+Added: The Company is not currently a party to any legal proceeding, investigation or claim which, in the opinion of management, is likely to have a material adverse effect on the business, financial condition, results of operations or cash flows.
+Added: Legal fees associated with such legal proceedings, are expensed as incurred.
+Added: We review legal proceedings and claims on an ongoing basis and follow appropriate accounting guidance, including Accounting Standards Codification 450, “ Contingencies ,” when making accrual and disclosure decisions.
We establish accruals for those contingencies where the incurrence of a loss is probable and can be reasonably estimated, and we disclose the amount accrued and the amount of a reasonably possible loss in excess of the amount accrued, if such disclosure is necessary for our financial statements to not be misleading.
1 unchanged sentence
We do not record liabilities when the likelihood that the liability has been incurred is probable, but the amount cannot be reasonably estimated.
−Removed: We may be involved in litigation from time to time in the ordinary course of business.
+Added: In addition to the foregoing, we may be involved in litigation from time to time in the ordinary course of business.
We do not believe that the ultimate resolution of any such matters will have a material adverse effect on our business, financial condition, results of operations or cash flows.
1 unchanged sentence
Ri sk Factors.
−Removed: There have been no material changes to the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on March 8, 2023.
+Added: There have been no material changes to the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on March 7, 2024.
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.