26 unchanged sentences
This risk is heightened during periods when economic conditions worsen.
−Removed: There was one customer that accounted for 14% of our accounts receivable as of June 30, 2021.
There were no customers that accounted for greater than 10% of our accounts receivable as of June 30, 2022.
+Added: There was one customer that accounted for 14% of our accounts receivable as of June 30, 2021.
In addition, we have made prepayments to suppliers of content.
18 unchanged sentences
Any claim of infringement by a third party, even those without merit, could cause us to incur substantial costs defending against the claim and could distract our management from our business.
−Removed: Although third parties may offer a license to their content, the terms of any offered license may not be acceptable and the failure to obtain a license or the costs associated with any license could cause our business, results of operations or financial condition to be materially and adversely affected.
+Added: Although third parties may offer a license to their content, the terms of any
+Added: offered license may not be acceptable and the failure to obtain a license or the costs associated with any license could cause our business, results of operations or financial condition to be materially and adversely affected.
In addition, our licenses are generally non-exclusive, and therefore our competitors may have access to the same content licensed to us.
17 unchanged sentences
Our financial results may be adversely affected if our customers choose to use these public sources as a substitute for our products or services.
−Removed: We depend on the services of Peter Victor Derycz and other key personnel, and may not be able to operate and grow our business effectively if we lose their services or are unable to attract qualified personnel in the future.
−Removed: Our success depends in part upon the continued service of Peter Victor Derycz, who is our Executive Chairman.
−Removed: Derycz is critical to the overall management of our company as well as to the development of our technologies, our culture and our strategic direction and is instrumental in developing and maintaining close ties with our customer base.
−Removed: We also rely heavily on our senior management team because they have substantial experience with our diverse service offerings and business strategies.
+Added: We depend on the services of key personnel, and may not be able to operate and grow our business effectively if we lose their services or are unable to attract qualified personnel in the future.
+Added: We rely heavily on our senior management team because they have substantial experience with our diverse service offerings and business strategies.
In addition, we rely on our senior management team to identify internal expansion and external growth opportunities.
9 unchanged sentences
Similarly, we rely on our websites, online networks, and email systems to obtain content and deliver customer orders, and provide timely, relevant and dependable business information to our customers.
−Removed: Therefore, network or system shutdowns caused by events such as computer hacking, sabotage, dissemination of computer
−Removed: viruses, worms and other destructive or disruptive software, denial of service attacks and other malicious activity, as well as loss of service from third parties, power outages, natural disasters and similar events, could affect our ability to store, handle and deliver data and services to our customers.
+Added: Therefore, network or system shutdowns caused by events such as computer hacking, sabotage, dissemination of computer viruses, worms and other destructive or disruptive software, denial of service attacks and other malicious activity, as well as loss of service from third parties, power outages, natural disasters and similar events, could affect our ability to store, handle and deliver data and services to our customers.
Any such interruption of our operations could negatively impact customer satisfaction and revenue.
7 unchanged sentences
states, have increased their focus on protecting personal data by law and regulation, and have increased enforcement actions for violations of privacy and data protection requirements.
−Removed: In May 2018 The European Commission approved and adopted the General Data Protection Regulation ("GDPR") in the European Union, a new data protection law.
+Added: In May 2018, The European Commission approved and adopted the General Data Protection Regulation (“GDPR”) in the European Union, a new data protection law.
These data protection laws and regulations are intended to protect the privacy and security of personal data, including credit card information that is collected, processed and transmitted in or from the relevant jurisdiction.
10 unchanged sentences
Compliance is an ongoing effort and the requirements evolve as new threats are identified.
−Removed: In the event that we were to lose PCI DSS compliance status (or fail to renew compliance under a future version of the PCI DSS), we could be exposed to increased operating costs, fines and penalties and, in extreme circumstances, may have our credit card processing privileges revoked, which would have a material adverse effect on our business.
+Added: In the event that we were to
+Added: lose PCI DSS compliance status (or fail to renew compliance under a future version of the PCI DSS), we could be exposed to increased operating costs, fines and penalties and, in extreme circumstances, may have our credit card processing privileges revoked, which would have a material adverse effect on our business.
Our failure to comply with the covenants contained in our loan agreement could result in an event of default that could adversely affect our financial condition and ability to operate our business as planned.
19 unchanged sentences
Any debt financing that we secure in the future could involve restrictive covenants relating to our capital raising activities and other financial and operational matters, including the ability to pay dividends.
−Removed: This may make it more difficult for us to obtain additional capital and to pursue business opportunities.
+Added: This may make it more difficult for us to obtain additional capital and to
+Added: pursue business opportunities.
We may not be able to obtain additional financing on terms favorable to us, if at all.
If we are unable to obtain adequate financing or financing on terms satisfactory to us when we require it, our ability to continue to support our business growth and respond to business challenges could be significantly impaired, and our business may be adversely affected.
−Removed: In addition, our failure to successfully manage our growth could result in our sales not increasing
−Removed: commensurately with our capital investments.
+Added: In addition, our failure to successfully manage our growth could result in our sales not increasing commensurately with our capital investments.
If we are unable to successfully manage our growth, we may be unable to achieve our goals.
23 unchanged sentences
The extent of the impact of the COVID-19 pandemic on our business is highly uncertain and difficult to predict, as the responses that we, other businesses and governments are taking continue to evolve.
−Removed: Furthermore, capital markets and economies worldwide have also been negatively impacted by the COVID-19 pandemic, and it is possible that it could cause a local and/or global economic
+Added: Furthermore, capital markets and economies worldwide have also been negatively impacted by the COVID-19 pandemic, and it is possible that it could cause a local and/or global economic recession.
Policymakers around the globe have responded with fiscal policy actions to support the healthcare industry and economy as a whole.
17 unchanged sentences
Secondly, an investment in us is a speculative or “risky” investment due to our lack of meaningful profits to date and uncertainty of future profits.
−Removed: As a consequence of this enhanced risk, more risk-adverse investors may, under the fear of losing all or most of their investment in the event of negative news or lack of progress, be more inclined to sell their shares on the market more quickly and at greater discounts than would be the case with the stock of a seasoned issuer.
+Added: As a consequence of this enhanced risk, more risk-adverse investors may, under
+Added: the fear of losing all or most of their investment in the event of negative news or lack of progress, be more inclined to sell their shares on the market more quickly and at greater discounts than would be the case with the stock of a seasoned issuer.
We have not paid cash dividends in the past and do not expect to pay cash dividends in the foreseeable future.
22 unchanged sentences
Effective internal controls are necessary for us to provide reliable financial reports to help mitigate the risk of fraud and to operate successfully as a publicly traded company.
−Removed: As a public company, we are required to document and test our internal control procedures in order to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, or Section 404.
+Added: As a public company, we are required to document and test our internal control procedures in order to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of
+Added: 2002, or Section 404.
Further, Section 404 requires annual management assessments of the effectiveness of our internal controls over financial reporting.
25 unchanged sentences
In particular, our articles of incorporation, our bylaws and Nevada law, as applicable, among other things, provide our board of directors with the ability to alter our bylaws without stockholder approval, and provide that vacancies on our board of directors may be filled by a majority of directors in office, although less than a quorum.
−Removed: We may become subject to Nevada’s control share acquisition laws (Nevada Revised Statutes 78.378 -78.3793), which prohibit an acquirer, under certain circumstances, from voting shares of a corporation’s stock after crossing specific threshold ownership percentages, unless the acquirer obtains the approval of the issuing corporation’s stockholders.
+Added: We may become subject to Nevada’s control share acquisition laws (Nevada Revised Statutes 78.378 -78.3793), which prohibit an acquirer, under certain circumstances, from voting shares of a corporation’s stock after crossing specific
+Added: threshold ownership percentages, unless the acquirer obtains the approval of the issuing corporation’s stockholders.
We are also subject to Nevada’s Combination with Interested Stockholders Statute (Nevada Revised Statutes 78.411 -78.444) which prohibits an interested stockholder from entering into a “combination” with the corporation, unless certain conditions are met.
5 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.