What changed in this filing

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Item 1A. Risk Factors

2023-03-30 compared with 2022-03-31 · 23 added, 22 removed, 328 unchanged (12% of the section changed)

32 unchanged sentences

2022, $443,600 of the outstanding secured notes payable are past due and in default and have been classified as current notes payable.

We also have $40,000

in outstanding unsecured notes that are past due.

We also have $40,000 in

outstanding unsecured notes that are past due.

If we are unable to generate sufficient revenues and/or additional financing to service

37 unchanged sentences

If we are unsuccessful in generating revenues, you could lose your entire investment.

If our products are not deemed desirable and suitable for purchase

and we cannot establish a customer base, we may not be able to generate sufficient revenues, which would result in a failure of the business

and a loss of any investment one makes in our company.

If our products or products that are licensed by our licensees are

not deemed desirable and suitable for purchase and we cannot establish a customer base, we may not be able to generate sufficient revenues,

which would result in a failure of the business and a loss of any investment one makes in our company.

The acceptance of our products is critically important to our success.

4 unchanged sentences

our business and any possible revenues.

If demand for the products that we plan to offer slows, then our

business would be materially affected.

Demand for products, which we intend to sell, depends on many factors,

If demand for the products that we offer or products that are licensed

by our licensees slows, then our business would be materially affected.

Demand for our products and products of our licensees, depends on many

factors, including:

the economy, and in periods of rapidly declining economic conditions, customers may defer luxury purchases or may choose alternate products;

the competitive environment in the skin care sector may force us to reduce prices below our desired pricing level or increase promotional spending;

the competitive environment in the skin care sector or sectors in which products are introduced may force us to reduce prices below our desired pricing level or increase promotional spending;

our ability to anticipate changes in consumer preferences and to meet customers’ needs for skin care products in a timely cost-effective manner;

1 unchanged sentence

our ability to identify and respond successfully to emerging trends in the skin care and personal care industries.

For the long term, demand for the products we plan to offer may be affected

For the long term, demand for product offerings may be affected by:

the ability to establish, maintain and eventually grow market share in a competitive environment;

2 unchanged sentences

All of these factors could result in immediate and longer term declines

in the demand for the products that we plan to offer, which could adversely affect our sales, cash flows and overall financial condition.

in the demand for products that we offer as well as licensed products, which could adversely affect our sales, cash flows and overall

financial condition.

Because we are new in the marketplace, we may not be able to compete

40 unchanged sentences

do not perceive expected results to occur, certain individuals or groups of individuals may seek monetary retribution.

If our products become contaminated, our business could be seriously

If our products become contaminated, our business could be

seriously harmed.

We have adopted various quality, environmental, health and safety standards.

22 unchanged sentences

such reports are scientifically supported or whether the claimed harmful effects would be present at the dosages recommended for such

As we intend to conduct international business transactions, we will

be exposed to local business risks in different countries, which could have a material adverse effect on our financial condition or results

of operations.

We intend to promote and sell our products internationally.

Our international

operations will be subject to risks inherent in doing business in foreign countries, including, but not necessarily limited to:

As we conduct international business transactions, we will be exposed

to local business risks in different countries, which could have a material adverse effect on our financial condition or results of operations.

We promote and sell our products internationally and our licensees do the

International operations will be subject to risks inherent in doing business in foreign countries, including, but not necessarily

new and different legal and regulatory requirements in local jurisdictions;

78 unchanged sentences

may be materially and adversely affected.

Key management personnel may leave us, which could adversely affect

our ability to continue operations.

Key management personnel may leave us, which could adversely

affect our ability to continue operations.

We are entirely dependent on the efforts of our management because of the

50 unchanged sentences

dividends, our common stock may be less valuable because a return on your investment will only occur if its stock price appreciates.

As a new investor, you will experience substantial dilution as a

result of future equity issuances.

As a new investor, you will experience substantial dilution

as a result of future equity issuances.

In the event we are required to raise additional capital it may do so by

43 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