1 unchanged sentence
Market Information
−Removed: Our common stock began trading
−Removed: on the Nasdaq Capital Market under the symbol “GNUS” on November 21, 2016.
−Removed: Prior to that, our common stock traded on the OTCQB
−Removed: of the OTC Markets Group Inc.
−Removed: under the same symbol.
−Removed: As of April 4,
−Removed: 2022, there were approximately 309 stockholders of record of our common stock, although there is a significantly larger number of
−Removed: beneficial owners of our common stock.
−Removed: We have never declared or
−Removed: paid any cash dividends on our capital stock, and we do not currently anticipate paying any cash dividends in the foreseeable future.
+Added: Our common stock began trading on the Nasdaq Capital Market under the symbol “GNUS” on November 21, 2016.
+Added: On February 6, 2023, our board of directors approved a 1-for-10 reverse stock split of our outstanding shares of common stock.
+Added: The reverse stock split was effected on February 10, 2023 at 5:00 p.m.
+Added: Eastern time.
+Added: At the effective time, every 10 issued and outstanding shares of our common stock were converted into one share of common stock.
+Added: Any fractional shares of common stock resulting from the reverse stock split were rounded up to the nearest whole post-split share and no shareholders received cash in lieu of fractional shares.
+Added: The par value of each share of common stock remained unchanged.
+Added: The reverse stock split proportionately reduced the number of shares of authorized common stock from 400,000,000 to 40,000,000 shares.
+Added: The reverse split also applied to common stock issuable upon the exercise of our outstanding warrants and stock options.
+Added: The reverse split did not affect the authorized preferred stock of 10,000,000 shares.
+Added: Unless noted, all references to shares of common stock and per share amounts contained in this Annual Report on Form 10-K have been retroactively adjusted to reflect a 1-for-10 reverse stock split.
+Added: As of April 12, 2023, there were approximately 348 stockholders of record of our common stock, although there is a significantly larger number of beneficial owners of our common stock.
+Added: We have never declared or paid any cash dividends on our capital stock, and we do not currently anticipate paying any cash dividends in the foreseeable future.
Equity Compensation Plan Information
−Removed: Information about our equity
−Removed: compensation plans is incorporated herein by reference to Part III, Item 12 of this Annual Report.
+Added: Information about our equity compensation plans is incorporated herein by reference to Part III, Item 12 of this Annual Report.
Recent Sales of Unregistered Securities
−Removed: On October 27, 2021, we issued
−Removed: 176,101 shares of common stock valued at $1.59 per share for production services.
−Removed: The issuance of the shares of common stock was exempt
−Removed: from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
−Removed: On December 1, 2021, we issued
−Removed: 2,281,269 shares of common stock valued at $1.49 as partial consideration for 3,000,000 shares in YFE.
−Removed: The issuance of the shares of common
−Removed: stock was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
Company Purchases of Equity Securities
−Removed: There were no purchases of
−Removed: our own equity securities during the year ended December 31, 2021.
+Added: The Company repurchased 41,934 shares of its common stock as settlement in a lawsuit.
+Added: The purchase was not made pursuant to a publicly announced repurchase plan or program.
+Added: The table below summarizes such repurchase during the quarterly period ended December 31, 2022:
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under the Plans or Programs
+Added: October 1, 2022 - October 31, 2022 41,934 $ 19.90 – n/a
+Added: November 1, 2022 – November 30, 2022 – – – –
+Added: December 1, 2022 - December 31, 2022 – – – –
+Added: Total 41,934 $ 19.90 – –
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