9 unchanged sentences
Internal control over financial reporting includes policies and procedures that:
−Removed: pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;
−Removed: provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company;
−Removed: provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on the financial statements.
+Added: (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;
+Added: (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company;
+Added: (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
24 unchanged sentences
Jones was one of the early investors in U.S.
−Removed: For approximately the past nine (9) years, Mr.
+Added: For approximately the past ten (10) years, Mr.
Jones has served, and continues to serve, as the Chief Executive Officer of Fairwood Peninsula Energy Corporation (“Fairwood”), a midstream liquefied natural gas company.
11 unchanged sentences
Requests should be made in writing and directed to the Company at the following address:
−Removed: 14643 Dallas Parkway, Suite 650, Dallas, TX 75254, Attention:
+Added: 609 Main Street, Suite 2500, Houston, TX 77002, Attention:
Frederick Jones.
24 unchanged sentences
If we do, we may tell the other stockholders what we think of the proposal, and how we intend to use our discretionary authority to vote on the proposal.
−Removed: All proposals should be made in writing and sent via registered, certified or express mail, to our executive offices, 14643 Dallas Parkway, Suite 650, Dallas, TX 75254 Attention:
+Added: All proposals should be made in writing and sent via registered, certified or express mail, to our executive offices, 609 Main Street, Suite 2500, Houston, TX 77002 Attention:
Frederick Jones.
1 unchanged sentence
Any stockholder who wishes to send communications to the Board should mail them addressed to the intended recipient by name or position in care of:
−Removed: theglobe.com, inc., 14643 Dallas Parkway, Suite 650, Dallas, TX 75254 Attention:
+Added: theglobe.com, inc., 609 Main Street, Suite 2500, Houston, TX 77002 Attention:
Frederick Jones.
20 unchanged sentences
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
−Removed: The following table sets forth certain information regarding beneficial ownership of our Common Stock as of March 3, 2023 (except as otherwise indicated) by (i) each person who owns beneficially more than 5% of our Common Stock, (ii) each of our directors, (iii) each of our “Named Executive Officers” and (iv) all directors and executive officers as a group.
−Removed: A total of 441,480,473 shares of theglobe’s Common Stock were issued and outstanding on March 3, 2023.
+Added: The following table sets forth certain information regarding beneficial ownership of our Common Stock as of February 28, 2024 (except as otherwise indicated) by (i) each person who owns beneficially more than 5% of our Common Stock, (ii) each of our directors, (iii) each of our “Named Executive Officers” and (iv) all directors and executive officers as a group.
+Added: A total of 441,480,473 shares of theglobe’s Common Stock were issued and outstanding on February 28, 2024.
The amounts and percentage of Common Stock beneficially owned are reported on the basis of regulations of the SEC governing the determination of beneficial ownership of securities.
2 unchanged sentences
Under these rules, more than one person may be deemed a beneficial owner of the same securities and a person may be deemed to be a beneficial owner of securities as to which such person has no economic interest.
−Removed: Unless otherwise indicated below, the address of each person or entity named in the table below is in care of theglobe.com, inc., 14643 Dallas Parkway, Suite 650, Dallas, TX 75254.
+Added: Unless otherwise indicated below, the address of each person or entity named in the table below is in care of theglobe.com, inc., 609 Main Street, Suite 2500, Houston, TX 77002.
SHARES BENEFICIALLY OWNED
5 unchanged sentences
These shares are owned directly by Delfin Midstream Inc.
−Removed: Delfin Midstream Inc’s address is 5949 Sherry Lane, Suite 950, Dallas, TX 752285.
+Added: Delfin Midstream Inc’s address is 609 Main Street, Suite 2500, Houston, TX 77002.
Securities Authorized for Issuance Under Equity Compensation Plans as of December 31, 2023
3 unchanged sentences
The following is a summary of transactions, since December 31, 2018, to which we have been a party, in which the amount involved exceeded the lesser of $120,000 or 1% of the average of our total assets at December 31, 2023 and December 31, 2022, and in which any of our directors, executive officers, beneficial holders of more than 5% of our capital stock or certain other related persons had or will have a direct or indirect material interest.
−Removed: In March 2018, the Company executed a Promissory Note with Delfin, which was amended and restated in May 2018 to $150,000, in November 2018 to $350,000, in June 2019 to $465,000, in November 2019 to $554,100, in August 2020 to $600,000, in February 2021 to $637,500, in June 2021 to $675,000, in October 2021 to $705,000, in January 2022 to $750,000, in April 2022 to $791, 000, in June 2022 to $826,000, in September 2022 to $861,000 and then again on December 23, 2022 to increase the principal amount up to $906,000 to pay certain accrued expenses, accounts payable and to allow the Company to have working capital.
−Removed: The additional principal amounts associated with the December 23, 2022 note amendment were received on January 4, 2023.
+Added: In March 2018, the Company executed a promissory note with Delfin for $50,000 (as amended and restated from time to time, the “Promissory Note”), which was amended and restated several times over the years and in October 2023 to $977,000, which was our balance at December 31, 2023.
+Added: In December 2023 management amended again to increase our borrowing to $1,027,000, however cash was not received and recorded until January 2024.
+Added: The Promissory Note is used to pay certain accrued expenses, accounts payable and to allow the Company to have working capital.
Interest accrues on the unpaid principal balance at a rate of 8% per annum, calculated on a 365/66 day year, as applicable.
1 unchanged sentence
It may be prepaid in whole or in any part at any time prior to demand.
−Removed: Management anticipates continued
−Removed: funding from Delfin over the next twelve months as it determines the direction of the Company.
+Added: Management anticipates continued funding from Delfin over the next twelve months as it determines the direction of the Company.
For more information, see the section in this annual report entitled “Item 7.
30 unchanged sentences
Form of Indemnification Agreement between the Company and each of its Directors and Executive Officers (incorporated by reference from our Form S-1 filed July 24, 1998 (Registration No.
−Removed: $906,000 Thirteenth Amended and Restated Bridge Promissory Note dated December 23, 2022 by and between Delfin Midstream LLC and the Company).
+Added: $1,027,000 Seventeenth Amended and Restated Bridge Promissory Note dated December 2023 by and between Delfin Midstream LLC and the Company).
Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a).*
6 unchanged sentences
XBRL Taxonomy Extension Label Linkbase Document
−Removed: X BRL Taxonomy Extension Presentation Linkbase Document
+Added: XBRL Taxonomy Extension Presentation Linkbase Document
Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
8 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.