Legal Proceedings
−Removed: 2018, California Custom Beverage, LLC’s (“CCB”), an entity owned by Christopher J.
−Removed: Reed, a former related party, assumed
−Removed: the monthly payments on our lease obligation for a Los Angeles manufacturing plant, and our release from the obligation by the lessor,
−Removed: however, is dependent upon CCB’s deposit of $1,200 of security with the lessor.
−Removed: As of December 31, 2023, $800 has been deposited
−Removed: with the lessor and Chris J.
−Removed: Reed has placed approximately 7,260 shares of the Company’s common stock valued at $12 that remain
−Removed: in escrow with the lessor.
−Removed: time to time, we are a party to ordinary, routine litigation incidental to our business.
+Added: We are a party to ordinary, routine litigation incidental
+Added: to our business, including routine litigations matters tendered to our insurance carriers.
Our management evaluates our exposure to these
1 unchanged sentence
is estimable and the loss is probable.
−Removed: are not party to any material pending legal proceedings (including environmental proceedings), other than ordinary, routine litigation
−Removed: incidental to the business at the current time.
−Removed: Although the results of such litigation matters and claims cannot be predicted with certainty,
−Removed: we believe that the final outcome of such ordinary, routine litigation will not have a material adverse impact on our financial position,
−Removed: liquidity, or results of operations.
+Added: We are not party to any material pending legal proceedings
+Added: (including environmental proceedings), other than ordinary, routine litigation incidental to the business, at the current time.
+Added: the results of such litigation matters and claims cannot be predicted with certainty, we believe that the final outcome of such ordinary,
+Added: routine litigation will not have a material adverse impact on our financial position, liquidity, or results of operations.
Mine Safety Disclosures
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.