5 unchanged sentences
have never declared or paid any cash dividends on our common stock.
−Removed: terms of the Series A Preferred Stock and Series A-1 Preferred Stock provide for cumulative cash dividends at an annual rate of 8% of
−Removed: the original issue price of $25.00 per share of preferred stock, payable quarterly in arrears.
−Removed: In the event the full cumulative dividends
−Removed: are not paid on a dividend payment date, dividends will accrue on the sum of the original issue price, plus the amount of unpaid dividends,
+Added: terms of the Series A Preferred Stock, Series A-1 and Series A-2 Preferred Stock provide for cumulative dividends at an annual rate of
+Added: 8% of the original investment of preferred stock, payable quarterly in arrears.
+Added: The dividends of Series A and A-1 is payable in cash
+Added: while the dividends of Series A-2 are payable in cash and shares of our common stock.
+Added: In the event the full cumulative dividends are
+Added: not paid on a dividend payment date, dividends will accrue on the sum of the original issue price, plus the amount of unpaid dividends,
at an annual rate of 12%, until such date as the Company has paid all previously accrued but unpaid dividends.
Holders of Series A Preferred
−Removed: Stock and Series A-1 Preferred Stock are also entitled to participate in and receive any dividends declared or paid on the Company’s
+Added: Stock and Series A-1 and A-2 Preferred Stock are also entitled to participate in and receive any dividends declared or paid on the Company’s
common stock on an as-converted basis.
anticipate that we will retain all available funds and future earnings, if any, for use in the operation of our business and do not anticipate
−Removed: paying cash dividends, other than those due to holders of our Series A Preferred Stock and Series A-1 Preferred Stock, in the foreseeable
+Added: paying cash dividends, other than those due to holders of our Series A Preferred Stock, Series A-1 and A-2 Preferred Stock, in the foreseeable
In addition, future debt instruments may materially restrict our ability to pay dividends on our common stock.
Payment of future
−Removed: cash dividends, if any, on our common stock will be at the discretion of the board of directors after taking into account various factors,
−Removed: including our financial condition, operating results, current and anticipated cash needs, the requirements of then-existing senior equity
−Removed: and debt instruments and other factors the board of directors deems relevant.
+Added: cash dividends, if any, on our common stock will be at the discretion of the board of directors after considering numerous factors, including
+Added: our financial condition, operating results, current and anticipated cash needs, the requirements of then-existing senior equity and debt
+Added: instruments and other factors the board of directors deems relevant.
Sales of Unregistered Securities
−Removed: following is a summary of issuances of unregistered securities during the fourth quarter of 2024, to the extent not previously
−Removed: disclosed in a Current Report on Form 8-K filed by the Company:
−Removed: 100,000 shares of restricted shares of common stock and 100,000
−Removed: options exercisable into common stock at $1.40 per share vesting quarterly over a year were granted pursuant to agreements regarding
−Removed: services provided to the Company.
−Removed: sales or issuances of the securities described above were deemed to be exempt from registration pursuant to Section 4(a)(2) of the Securities
−Removed: Act of 1933, as amended (the “Securities Act”), including Regulation D and Rule 506 promulgated thereunder, as transactions
−Removed: by the Company not involving a public offering.
+Added: Company did not make any issuances of unregistered securities during the fourth quarter of 2025 which have not been previously disclosed
+Added: in a Current Report on Form 8-K filed by the Company
Purchases of Equity Securities
−Removed: the quarter ended December 31, 2024, the Company withheld 17,486 shares of common stock, at a price per share of $1.15, to satisfy tax
−Removed: withholding obligations due upon the vesting of a restricted stock grant.
−Removed: We did not pay cash to repurchase these shares, nor was this
−Removed: repurchase part of a publicly announced plan or program.
−Removed: Total Number of Shares Purchased (1)
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Maximum Number of Shares That May Yet be Purchased Under the Plans or Programs
−Removed: October 1, 2024 - October 31, 2024
−Removed: November 1, 2024 - November 30, 2024
−Removed: December 1, 2024 - December 31, 2024
−Removed: shares repurchased to satisfy tax withholding obligations due upon the vesting of restricted
−Removed: stock held by certain employees.
−Removed: We did not pay cash to repurchase these shares, nor were
−Removed: these repurchases part of a publicly announced plan or program.
+Added: There were no repurchases of the Company’s
+Added: common stock during the quarter ended December 31, 2025.
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.