What changed in this filing

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Item 1A. Risk Factors

2023-04-14 compared with 2022-04-15 · 33 added, 30 removed, 542 unchanged (10% of the section changed)

10 unchanged sentences

Note 1 to the consolidated financial statements included in this report, we have incurred significant losses since inception and have

an accumulated deficit of approximately $29.4 million as of December 31, 2021 and need to raise substantial amounts of additional

funds to meet our obligations and afford us time to develop profitable operations.

There can be no assurance that we will be able to

raise capital, obtain debt financing, or improve operating results sufficiently to continue as a going concern, if at all.

an accumulated deficit of approximately $32.0 million as of December 31, 2022 and need to raise substantial amounts of additional funds

to meet our obligations and afford us time to develop profitable operations.

There can be no assurance that we will be able to raise

capital, obtain debt financing, or improve operating results sufficiently to continue as a going concern, if at all.

The consolidated

27 unchanged sentences

may incur significant charges as a result of divestitures.

We continue to evaluate

the performance of our assets and businesses.

Based on this evaluation, we may sell certain assets or businesses or exit particular markets.

Any impairments and losses on divestiture resulting from this process may cause us to record significant charges, including those related

to goodwill and other intangible assets.

In addition, divestitures may not yield the targeted improvements in our business.

involve risks, including difficulties in the separation of operations, services, products and personnel, disruption in our operations

or businesses, finding a suitable purchaser, the diversion of management’s attention from our other businesses, the potential loss

of key employees, the erosion of employee morale or customer confidence, and the retention of contingent liabilities related to the divested

Any charges that we are required to record or the failure to achieve the intended financial results associated with divestitures

of businesses or assets could have a material adverse effect on our business, financial condition or results of operations.

1, 2021, REGS was abandoned and discarded by the Company.

continue to evaluate the performance of our assets and businesses.

Based on this evaluation, we may sell certain assets or businesses

or exit particular markets.

Any impairments and losses on divestiture resulting from this process may cause us to record significant

charges, including those related to goodwill and other intangible assets.

In addition, divestitures may not yield the targeted improvements

in our business.

Divestitures involve risks, including difficulties in the separation of operations, services, products and personnel,

disruption in our operations or businesses, finding a suitable purchaser, the diversion of management’s attention from our other

businesses, the potential loss of key employees, the erosion of employee morale or customer confidence, and the retention of contingent

liabilities related to the divested business.

Any charges that we are required to record or the failure to achieve the intended financial

results associated with divestitures of businesses or assets could have a material adverse effect on our business, financial condition

or results of operations.

On September 1, 2021, REGS was abandoned and discarded by the Company.

substantial indebtedness could adversely affect our financial condition and ability to fulfill our obligations.

2 unchanged sentences

million, with total current assets and liabilities of approximately $0.9 million and $10.5 million respectively.

Included in the liabilities are approximately $2.8 million of short-term notes, $180,800 of short-term notes to a related party and approximately

Included in the

liabilities are approximately $3.5 million of short-term notes, $125,000 of short-term notes to a related party and approximately $1.6

million of convertible notes.

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continue to incur losses in operations.

We have experienced recurring losses and have accumulated a deficit of approximately $29.4

million as of December 31, 2021.

For the year ended December 31, 2021, we had a net income from continuing operations of approximately

$0.2 million.

We have experienced recurring losses and have accumulated a deficit of approximately $32.0 million

as of December 31, 2022.

For the year ended December 31, 2022, we had a net loss from continuing operations of approximately $2.7 million.

We had a working capital deficit of approximately $9.6 million as of December 31, 2022.

These factors raise substantial

doubt about the ability of the Company to continue to operate as a going concern.

It may be necessary for us to rely on external financing

to supplement working capital to meet our liquidity needs in the fiscal years ended 2022 and 2023.

The success of securing such financing

on terms acceptable to us, if at all, cannot be assured.

If we are unable to achieve the financing necessary to continue our plan of

operations, our stockholders may lose their entire investment in the Company.

These factors raise substantial doubt about the

ability of the Company to continue to operate as a going concern.

It may be necessary for us to rely on external financing to supplement

working capital to meet our liquidity needs in the fiscal years ended 2023 and 2024.

The success of securing such financing on terms

acceptable to us, if at all, cannot be assured.

If we are unable to achieve the financing necessary to continue our plan of operations,

our stockholders may lose their entire investment in the Company.

are subject to operating and litigation risks that may not be covered by insurance.

14 unchanged sentences

have substantial customer concentration, with a limited number of customers accounting for a substantial portion of our 2022 revenues .

of December 31, 2021, we had three customers with sales in excess of 10% of our revenues.

of December 31, 2022, we had two customers with sales in excess of 10% of our revenues.

There are risks whenever a large percentage

461 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-K

Item 1A. Risk Factors