What changed in this filing

/stocks — the workspaceLOADING

Item 1A. Risk Factors

2020-08-10 compared with 2020-05-11 · 17 added, 13 removed, 56 unchanged (35% of the section changed)

18 unchanged sentences

from non-essential movements outside of their homes.

In response to the COVID-19 pandemic and these changing conditions, as of

March 18, 2020, we temporarily closed all of our clubs and restaurants.

We furloughed club and restaurant employees,

except for a limited number of unit managers, and implemented cost savings measures throughout our operations.

The COVID-19 pandemic’s

impact on the economy in general could also adversely affect our customers’ financial condition, resulting in reduced spending

In response to the COVID-19 pandemic and these changing conditions, we temporarily

closed all of our clubs and restaurants on March 18, 2020.

We furloughed club and restaurant employees, except for a limited number

of unit managers, and implemented cost savings measures throughout our operations.

We have since reopened many of our club

and Bombshells locations with limited occupancy but some of our bigger clubs are still closed.

The COVID-19 pandemic’s impact

on the economy in general could also adversely affect our customers’ financial condition, resulting in reduced spending

at our clubs and restaurants.

28 unchanged sentences

the actions described above, we have taken action to reduce our cash expenditures, which may impact our future growth, refer to

Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations discussions on Liquidity for further

we are unable to maintain compliance with certain of our debt covenants, we may be unable

to make additional borrowings and be declared in default where our debt will be made immediately due and payable.

global economic conditions may make it more difficult to access new credit facilities.

Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations discussions on Liquidity

for further information.

we are unable to maintain compliance with certain of our debt covenants, we may be unable to make additional borrowings and be

declared in default where our debt will be made immediately due and payable.

In addition, global economic conditions may make

it more difficult to access new credit facilities.

liquidity position is, in part, dependent upon our ability to borrow funds from financial institutions and/or private individuals.

Certain of our debts have financial covenants that require us to maintain certain operating income to debt service ratios.

of March 31, 2020, we were in compliance with all covenants.

However, as a result of the COVID-19 outbreak, our total

revenues have decreased significantly and we have implemented certain operational changes in order to address the evolving challenges

of June 30, 2020, we were in compliance with all covenants.

However, as a result of the COVID-19 outbreak, our total revenues

have decreased significantly, and we have implemented certain operational changes in order to address the evolving challenges

presented by the global pandemic on our operations.

4 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