4 unchanged sentences
Our common stock is traded on the OTCQB under the trading symbol “SOWG”.
−Removed: During 2021, the
−Removed: Company launched a line of freeze-dried snacks, smoothies, soups and granola.
−Removed: We are marketing our line of products via our direct-to-consumer
−Removed: focused website, as well as via the business-to-business sales channel.
+Added: The Company produces
+Added: a line of freeze-dried snacks, smoothies, soups and granola.
+Added: We are marketing our line of products via our direct-to-consumer focused
+Added: website, as well as via the business-to-business sales channel.
+Added: We have also recently launched a freeze-dried candy product offering that
+Added: we expect will be a major driver of our growth going forward.
+Added: In 2022, we commenced
+Added: the construction of our second and third freeze driers in anticipation of the increased production demands for our products and freeze-drying
+Added: We expect to place these additional freeze driers in service during the second quarter of 2023.
Our business operates
under two distinct brands, Sow Good and Sustain Us.
−Removed: Our unique food products are target the large, and growing, freeze-dried food products
−Removed: The global freeze-dried food products market is estimated by Technavio to total nearly $60B in 2020, with the United
−Removed: States representing almost 30% of the total.
−Removed: Technavio further projects market growth to continue at over 8% per year through 2024.
+Added: Our unique food products are targeted to the large, and growing, freeze-dried food
+Added: products market.
With the extensive
−Removed: freeze-dried manufacturing and food product-focused business development experience of our senior management team, including recent additions,
−Removed: we believe we are well positioned to lead the Company's growth and development in the freeze-dried food industry.
+Added: freeze-dried manufacturing and food product-focused business development experience of our senior management team, we believe we are well
+Added: positioned to lead the Company's growth and development in the freeze-dried food industry.
S-FDF Business Combination
47 unchanged sentences
Company had a cash balance of $276,464 and total working capital of $1,687,880.
−Removed: We are too early in our development stage to project
−Removed: revenue with a necessary level of certainty;
−Removed: therefore, we may not have sufficient funds to sustain our operations for the next twelve
−Removed: months and we may need to raise additional cash to fund our operations.
−Removed: These factors raise substantial doubt about the Company’s
−Removed: ability to continue as a going concern.
+Added: We are too early in our development stage to project revenue
+Added: with a necessary level of certainty;
+Added: therefore, we may not have sufficient funds to sustain our operations for the next twelve months
+Added: and we may need to raise additional cash to fund our operations.
+Added: These factors raise substantial doubt about the Company’s ability
+Added: to continue as a going concern.
The Company has commenced sales and continues to develop its operations.
−Removed: In the event sales do
−Removed: not materialize at the expected rates, management would seek additional financing or would attempt to conserve cash by further reducing
−Removed: There can be no assurance that we will be successful in achieving these objectives.
+Added: In the event sales do not materialize
+Added: at the expected rates, management would seek additional financing or would attempt to conserve cash by further reducing expenses.
+Added: can be no assurance that we will be successful in achieving these objectives.
We continue to pursue sources
10 unchanged sentences
The consolidated financial statements do not include any adjustments that might result from the outcome of the going concern
−Removed: During 2021, the
−Removed: Company launched a line of freeze-dried snacks, smoothies, soups and granola.
−Removed: We are marketing our line of products via our direct-to-consumer
−Removed: focused website, as well as via the business-to-business sales channel.
+Added: The Company produces
+Added: a line of freeze-dried snacks, smoothies, soups and granola.
+Added: We are marketing our line of products via our direct-to-consumer focused
+Added: website, as well as via the business-to-business sales channel.
+Added: We have also recently launched a freeze-dried candy product offering that
+Added: we expect will be a major driver of our growth going forward.
+Added: In 2022, we commenced
+Added: the construction of our second and third freeze driers in anticipation of the increased production demands for our products and freeze-drying
+Added: We expect to place these additional freeze driers in service during the second quarter of 2023.
Our business operates
1 unchanged sentence
Our unique food products are targeting the large, and growing, freeze-dried food products
−Removed: The global freeze-dried food products market is estimated by Technavio to total nearly $60B in 2020, with the United
−Removed: States representing almost 30% of the total.
−Removed: Technavio further projects market growth to continue at over 8% per year through 2024.
With the extensive
6 unchanged sentences
currently have 31 full time employees.
−Removed: We may hire additional technical or administrative
−Removed: personnel as appropriate.
−Removed: We are using and will continue to use the services of independent consultants and contractors to perform various
−Removed: professional services for us or on behalf of our partners.
−Removed: We believe that this use of third-party service providers enhances our ability
−Removed: to contain general and administrative expenses.
+Added: We may hire additional technical or
+Added: administrative personnel as appropriate.
+Added: We are using and will continue to use the services of independent consultants and contractors
+Added: to perform various professional services for us or on behalf of our partners.
+Added: We believe that this use of third-party service providers
+Added: enhances our ability to contain general and administrative expenses.
Office Locations
2 unchanged sentences
Our office space is included in our production facility, which consists of approximately
−Removed: 20,945 square feet leased pursuant to a lease agreement through September 15, 2025, with two five-year options to extend, under which
−Removed: an entity owned entirely by Ira Goldfarb is the landlord.
+Added: 20,945 square feet leased pursuant to a lease agreement through September 15, 2025, with two five-year options to extend, under
+Added: which an entity owned entirely by Ira Goldfarb is the landlord .
Financial Information about Segments and Geographic
3 unchanged sentences
Our website addresses are
−Removed: www.thisissowgood.com and www.soginc.com.
+Added: www.thisissowgood.com and www.sowginc.com.
We make available on our www.sowginc.com website, free of charge, our annual reports on Form
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.