What changed in this filing

/stocks — the workspaceLOADING

Item 1A. Risk Factors

2021-02-16 compared with 2020-08-14 · 74 added, 15 removed, 3 unchanged (97% of the section changed)

pandemic, epidemic or outbreak of an infectious disease, such as COVID-19, may materially and adversely affect our business and

recent outbreak of COVID-19 originated in Wuhan, China, in December 2019 and has since spread to multiple countries, including

the United States and several European countries.

On March 11, 2020, the World Health Organization declared the outbreak a pandemic.

The COVID-19 pandemic is affecting the United States and global economies and may affect our operations and those of third parties

on which we rely.

While the potential economic impact brought by, and the duration of the COVID-19 pandemic is difficult to assess

or predict, the impact of the COVID-19 pandemic on the global financial markets may reduce our ability to access capital, which

could negatively impact our short-term and long-term liquidity.

The ultimate impact of the COVID-19 pandemic is highly uncertain

and subject to change.

We do not yet know the full extent of potential delays or impacts on our business, financing or the global

economy as a whole.

However, these effects could have a material impact on our liquidity, capital resources, operations and business

and those of the third parties on which we rely.

factors that affect our business and financial results are discussed in Part I, Item 1A “Risk Factors,”

in our Annual

Report on Form 10-K, as amended and supplemented by our Quarterly Reports on Form 10-Q (collectively, the “Reports”).

Other than as set forth below, there have been no material changes in our risk factors from those previously disclosed in our

You should carefully consider the risks described in our Reports, which could materially affect our business, financial

condition or future results.

The risks described in our Reports are not the only risks we face.

Additional risks and uncertainties

not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial

condition, and/or operating results.

If any of the risks actually occur, our business, financial condition, and/or results of

operations could be negatively affected.

stock price has fluctuated in the past, has recently been volatile and may be volatile in the future, and as a result, investors

in our common stock could incur substantial losses.

stock price has fluctuated in the past, has recently been volatile and may be volatile in the future.

By way of example, on February

1, 2021, the price of our common stock closed at $0.32 per share while on February 12, 2021, our stock price closed at $0.45 per

share with no discernable announcements or developments by the company or third parties.

On February 5, 2021, the intra-day sales

price of our common stock fluctuated between a reported low sale price of $0.33 and a reported high sales price of $0.45.

incur rapid and substantial decreases in our stock price in the foreseeable future that are unrelated to our operating performance

or prospects.

In addition, the recent outbreak of the novel strain of coronavirus (COVID-19) has caused broad stock market and

industry fluctuations.

The stock market in general and the market for companies such as our in particular have experienced extreme

volatility that has often been unrelated to the operating performance of particular companies.

As a result of this volatility,

investors may experience losses on their investment in our common stock.

The market price for our common stock may be influenced

by many factors, including the following:

reaction to our business strategy;

success of competitive products or technologies;

continued compliance with the OTCQB listing standards;

or legal developments in the United States and other countries, especially changes in laws or regulations applicable to our

taken by regulatory agencies with respect to our products, manufacturing process or sales and marketing terms;

in our financial results or those of companies that are perceived to be similar to us;

success of our efforts to acquire or in-license additional products or product candidates;

concerning our collaborations or partners;

or disputes concerning patents or other proprietary rights, including patents, litigation matters and our ability to obtain

patent protection for our products;

ability or inability to raise additional capital and the terms on which we raise it;

in the market prices of stocks generally;

volume of our common stock;

of our common stock by us or our stockholders;

economic, industry and market conditions;

events or factors, including those resulting from such events, or the prospect of such events, including war, terrorism and

other international conflicts, public health issues including health epidemics or pandemics, such as the recent outbreak of

the novel coronavirus (COVID-19), and natural disasters such as fire, hurricanes, earthquakes, tornados or other adverse weather

and climate conditions, whether occurring in the United States or elsewhere, could disrupt our operations, disrupt the operations

of our suppliers or result in political or economic instability.

broad market and industry factors may seriously harm the market price of our common stock, regardless of our operating performance.

Further, recent increases are significantly inconsistent with any improvements in actual or expected operating performance, financial

condition or other indicators of value, including our loss per share of $0.18 and $0.03 for our fiscal year ended September 30,

2020 and the three months ended December 31, 2020.

Since the stock price of our common stock has fluctuated in the past, has been

recently volatile and may be volatile in the future, investors in our common stock could incur substantial losses.

following periods of volatility in the market, securities class-action litigation has often been instituted against companies.

Such litigation, if instituted against us, could result in substantial costs and diversion of management’s attention and

resources, which could materially and adversely affect our business, financial condition, results of operations and growth prospects.

There can be no guarantee that our stock price will remain at current levels or that future sales of our common stock will not

be at prices lower than those sold to investors.

Additionally,

securities of certain companies have recently experienced significant and extreme volatility in stock price due short sellers

of shares of common stock, known as a “short squeeze.”

These short squeezes have caused extreme volatility in both

the stock prices of those companies and in the market, and have led to the price per share of those companies to trade at a significantly

inflated rate that is disconnected from the underlying value of the company.

Many investors who have purchased shares in those

companies at an inflated rate face the risk of losing a significant portion of their original investment, as in many cases the

price per share has declined steadily as interest in those stocks have abated.

While we have no reason to believe our shares would

be the target of a short squeeze, there can be no assurance that we won’t be in the future, and you may lose a significant

portion or all of your investment if you purchase our shares at a rate that is significantly disconnected from our underlying

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

the three months ended December 31, 2019, the Company issued 620,000 shares of stock options.

DEFAULTS UPON SENIOR SECURITIES

1 unchanged sentence

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