17 unchanged sentences
We intend to continue to use the proceeds from the amended and restated Promissory Note and seek other loans from Delfin and related entities, if necessary, to fund our public company operating costs while we explore our options related to the future of theglobe.
−Removed: As of December 31, 2023, we borrowed a total of $977,000 under the amended and restated Promissory Note from Delfin, which was amended and restated again in December 2023 to increase our borrowing to $1,027,000, of which cash was not received and recorded until January 2024.
+Added: As of December 31, 2024, we borrowed a total of $1,113,000 under the amended and restated Promissory Note from Delfin which was further amended and restated in November 2024.
Our management may have other interests that may conflict with the interests of our stockholders.
14 unchanged sentences
General and administrative expenses include customary public company expenses, including outside legal and audit fees, insurance and other related public company costs.
−Removed: We do not expect to generate any revenues unless and until we commence business operations.
+Added: We do not expect to generate any meaningful revenues unless and until we commence business operations.
In the past, we relied on funding from affiliated creditors and we may need additional funding beyond those sources to continue as a going concern.
51 unchanged sentences
CYBERSECURITY
−Removed: As a shell company with no current business or operations, we do not have an established processes to oversee and identify material risks from cybersecurity threats nor any board committee or subcommittee responsible for the oversight of risks from cybersecurity threats.
+Added: As a shell company with no current business or operations, we do not have an established process to oversee and identify material risks from cybersecurity threats nor any board committee or subcommittee responsible for the oversight of risks from cybersecurity threats .
The Company does not own or lease any property.
4 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.