25 unchanged sentences
shareholders’ equity of $2.6 million.
−Removed: Our quarterly projected cash flow shortfall, based on our current operations, adjusted for
−Removed: any non-recurring cash expenses and adjusted for additional royalties expected to be received for use of our products in new production,
−Removed: for the next 12 months, is approximately $200,000 to $250,000 per quarter.
−Removed: We may eliminate some operating expenses in the future, which
−Removed: will further reduce our cash flow shortfall if needed.
−Removed: Based on these assumptions, we currently expect to have sufficient working capital
−Removed: for more than the next five years of operations.
+Added: Based on our current operations, we expect to have sufficient working capital for more than
+Added: the next 5 years of operations.
of Operating Losses.
39 unchanged sentences
in sufficient quantities to make the Company profitable.
−Removed: SPD-Smart products have only recently been introduced.
−Removed: using SPD technology have been in the market for decades and new product applications are being introduced in various industries.
−Removed: Some of these new products have only recently begun to be introduced into the marketplace.
−Removed: Developing products using new
−Removed: technologies can be risky because problems, expenses and delays frequently occur, and costs may or may not come down quickly enough
−Removed: for such products using new technologies to rapidly penetrate mass market applications.
+Added: products have only recently been introduced.
+Added: using SPD technology have only recently begun to be introduced into the marketplace.
+Added: Developing products using new technologies can be
+Added: risky because problems, expenses and delays frequently occur, and costs may or may not come down quickly enough for such products using
+Added: new technologies to rapidly penetrate mass market applications.
have several large licensees that account for 10% or more of our annual fee income.
87 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.