5 unchanged sentences
Loss of key resellers could reduce our revenue growth.
−Removed: Our reseller sales channel, which purchases and resells our end-to-end services to its own portfolio of merchant customers, is a strong contributor to our revenue growth.
+Added: We rely on our reseller sales channel, which purchases and resells our end-to-end services to its own portfolio of merchant customers.
+Added: This channel is a strong contributor to our revenue growth.
If a reseller switches to another transaction processor, shuts down, becomes insolvent, or enters the processing business themselves, we may no longer receive new merchant referrals from the reseller, and we risk losing existing merchants that were originally enrolled by the reseller, all of which could negatively affect our revenues and earnings.
−Removed: Our efforts to expand our product portfolio and market reach, including through acquisitions, may not succeed and may reduce our revenue growth and we may not achieve or maintain profitability.
−Removed: We acquired the assets of Information Management Solutions, LLC, a business of electronic bill presentment, document composition, document decomposition and printing and mailing services serving hundreds of customers representing a wide range of industry verticals, including utilities and financial institution on December 15, 2020.
−Removed: We also continue to invest in our established business lines and new markets, such as our payment facilitation, prepaid card business, or cryptocurrencies.
−Removed: While we have grown the proportion of revenue from these newer products and services and we intend to continue to broaden the scope of products and services we offer, we may not be successful in maintaining or growing our current revenue streams or deriving any significant new revenue streams from these products and services.
−Removed: Failure to successfully broaden the scope of products and services that are attractive may inhibit our growth and harm our business.
−Removed: Furthermore, we expect to continue to expand our markets in the future, and we may have limited or no experience in such newer markets.
−Removed: We cannot assure you that any of our products or services will be widely accepted in any market or that they will continue to grow in revenue.
−Removed: Our offerings may present new and difficult technological, operational, regulatory, risks, and other challenges, and if we experience service disruptions, failures, or other issues, our business may be materially and adversely affected.
−Removed: Our expansion into newer markets may not lead to growth and may require significant management time and attention, and we may not be able to recoup our investments in a timely manner or at all.
−Removed: If any of this were to occur, it could damage our reputation, limit our growth, and materially and adversely affect our business.
−Removed: We may need additional financing in the future.
−Removed: We may be unable to obtain additional financing or if we obtain financing it may not be on terms favorable to us.
−Removed: You may lose your entire investment.
−Removed: Based on our current plans, we believe our existing cash and cash equivalents will be sufficient to fund our operating expense and capital requirements for at least 12 months, although we may need funds in the future.
−Removed: If our capital resources are insufficient to meet future capital requirements, we will have to raise additional funds.
−Removed: If we are unable to obtain additional funds on terms favorable to us, we may be required to cease or reduce our operating activities.
−Removed: If we must cease or reduce our operating activities, you may lose your entire investment.
−Removed: We may be liable for employment taxes for vesting equity awards granted to employees in the past.
−Removed: In the past we have granted equity awards, including restricted stock awards, to certain of our employees, including to our executive officers and directors.
−Removed: Upon vesting of these awards, we are liable for employment withholding taxes payable in cash.
−Removed: Some of these amounts may be substantial which may impact our business and results of operations.
−Removed: We may not realize the opportunities from our acquisition of Information Management Solutions, LLC.
−Removed: On December 15, 2020, we entered into an asset purchase agreement to purchase substantially all the assets of Information Management Solutions, LLC, a Texas limited liability company in the business of electronic bill presentment, document composition, document decomposition and printing and mailing services serving hundreds of customers representing a wide range of industry verticals, including utilities and financial institutions.  Through the acquisition, we acquired new customers and their sales force.
−Removed: We bought an existing portfolio of customers with a significant revenue stream.
−Removed: This acquisition increased our ability to grow new revenue streams and allows us to reenter the electronic bill presentment and payment revenue stream.
−Removed: The success of the IMS acquisition will continue to depend on our ability to realize the anticipated growth opportunities.
−Removed: We cannot assure you that we will be able to realize the anticipated growth opportunities.
If our security applications are breached by cyberattacks or are not adequate to address changing market conditions and customer concerns, we may incur significant losses and be unable to sell our services.
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Promptly upon the detection of the event, we launched an investigation, notified law enforcement and our insurance carrier, and engaged legal counsel, computer forensic firms and other incident response professionals.
−Removed: We also implemented a series of containment and remediation measures to address this situation and reinforce the security of our information technology systems. At this time, we restored our systems and resumed normal operations to the extent they were impaired due to the incident.
−Removed: We are continuing to assess all actions that we will take to improve our existing systems.
+Added: We also implemented a series of containment and remediation measures to address this situation and reinforce the security of our information technology systems. Our systems were not only fully restored and capable of resuming normal operations to the extent they were impaired, but enhanced following our immediate and long term response.
+Added: Further preventative and proactive security measures were integrated, including incremental network and cloud defenses, implementation of third party cyber defense applications, structured incident response and disaster recovery plans, along with advanced employee cyber security training.
+Added: We actively pursue any potential actions that will improve our existing systems.
This cyber event had no material impact on the business, and no cardholder, or payments related data was compromised.
−Removed: Our direct losses associated with the cyber incident and its response will largely be covered by our cybersecurity insurance, except for a deductible.
−Removed: Based on the information currently available to us, we do not believe that the December 2021 ransomware attack will have a material impact on our business, results of operations or financial condition, but no assurances can be given as we continue to assess the full impact from the incident, including costs, expenses and insurance coverage.
+Added: Our direct losses associated with the cyber incident and its response were largely covered by our cybersecurity insurance, except for a deductible. 
Our use of applications designed for premium data security and integrity to process electronic transactions may not be sufficient to address changing market conditions or the security and privacy concerns of existing and potential customers.
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Further, adverse publicity raising concerns about the safety or privacy of electronic transactions, or widely reported breaches of our or another provider's security, have the potential to undermine consumer confidence in the technology and could have a materially adverse effect on our business.
+Added: Our efforts to expand our product portfolio and market reach, including through acquisitions, may not succeed and may reduce our revenue growth and we may not achieve or maintain profitability.
+Added: We acquired the assets of IMS, a business of electronic bill presentment, document composition, document decomposition and printing and mailing services serving hundreds of customers representing a wide range of industry verticals, including utilities and financial institutions on December 15, 2020.
+Added: Since 2014, we have completed a total of four acquisitions.
+Added: We also continue to invest in our established business lines and new markets, such as our payment facilitation, and prepaid card business.
+Added: While we have grown the proportion of revenue from these newer products and services and we intend to continue to broaden the scope of products and services we offer, we may not be successful in maintaining or growing our current revenue streams or deriving any significant new revenue streams from these products and services.
+Added: Failure to successfully broaden the scope of products and services that are attractive may inhibit our growth and harm our business.
+Added: Furthermore, we expect to continue to expand our markets in the future, and we may have limited or no experience in such newer markets.
+Added: We cannot assure you that any of our products or services will be widely accepted in any market or that they will continue to grow in revenue.
+Added: Our offerings may present new and difficult technological, operational, regulatory, risks, and other challenges, and if we experience service disruptions, failures, or other issues, our business may be materially and adversely affected.
+Added: Our expansion into newer markets may not lead to growth and may require significant management time and attention, and we may not be able to recoup our investments in a timely manner or at all.
+Added: If any of this were to occur, it could damage our reputation, limit our growth, and materially and adversely affect our business.
+Added: We may need additional financing in the future.
+Added: We may be unable to obtain additional financing or if we obtain financing it may not be on terms favorable to us.
+Added: You may lose your entire investment.
+Added: Based on our current plans, we believe our existing cash and cash equivalents and cash flow from operations will be sufficient to fund our operating expense and capital requirements for at least 12 months, although we may need funds in the future.
+Added: At December 31, 2022 we had $5.7 million of cash and cash equivalents, and for the year ended December 31, 2022, we used $17.0 million in operating activities.
+Added: However, after adjusting for the impact of operating lease right-of-use assets, operating lease liabilities, prepaid card load obligations and merchant reserves included in the statement of cash flows, net cash provided by adjusted operating activities, was $0.7 million for the year ended December 31, 2022.
+Added: Adjusted operating cash flow is viewed by the company as a superior indicator of the Company's operating performance and ability to fund acquisitions, capital expenditures and other investments and, in the absence of refinancing options, to repay debt obligations.
+Added: Refer to Item 7, under the subsection "Key Business Metrics - Non-GAAP Financial Measures" for our reconciliation of operating cash flows to adjusted operating cash flows. If our capital resources are insufficient to meet future capital requirements, we will have to raise additional funds by selling assets, borrowing money from a third party, or by selling debt or equity securities. If we are unable to obtain additional funds on terms favorable to us, we may be required to cease or reduce our operating activities.
+Added: If we must cease or reduce our operating activities, you may lose your entire investment.
Unauthorized disclosure of cardholder data, whether through breach of our computer systems or otherwise, could expose us to liability and protracted and costly litigation.
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Additionally, some of our systems, including those of companies we have acquired, are not fully redundant, and our disaster recovery planning may not be sufficient for all possible outcomes or events.
−Removed: As a provider of payments solutions, we are subject to heightened scrutiny by regulators that may require specific business continuity, resiliency and disaster recovery plans, and rigorous testing of such plans, which may be costly and time-consuming to implement, and may divert our resources from other business priorities.
+Added: As a provider of payment solutions, we are subject to heightened scrutiny by regulators that may require specific business continuity, resiliency and disaster recovery plans, and rigorous testing of such plans, which may be costly and time-consuming to implement, and may divert our resources from other business priorities.
We have experienced, and expect to continue to experience, system failures, cyberattacks, unplanned outages, and other events or conditions from time to time that have and may interrupt the availability, or reduce or adversely affect the speed or functionality, of our products and services.
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In addition, any failure to successfully implement new information systems and technologies, or improvements or upgrades to existing information systems and technologies in a timely manner could have an adverse impact on our business, internal controls (including internal controls over financial reporting), results of operations, and financial condition.
+Added: We may be liable for employment taxes for vesting equity awards granted to employees in the past.
+Added: In the past we have granted equity awards, including restricted stock awards, to certain of our employees, including to our executive officers and directors.
+Added: Upon vesting of these awards, we are liable for employment withholding taxes payable in cash.
+Added: Some of these amounts may be substantial which may impact our business and results of operations.
+Added: We may not realize the opportunities from our acquisition of IMS.
+Added: On December 15, 2020, we entered into an asset purchase agreement to purchase substantially all the assets of IMS, a Texas limited liability company in the business of electronic bill presentment, document composition, document decomposition and printing and mailing services serving hundreds of customers representing a wide range of industry verticals, including utilities and financial institutions.  Through the acquisition, we acquired new customers and their sales force.
+Added: We bought an existing portfolio of customers with a significant revenue stream.
+Added: This acquisition increased our ability to grow new revenue streams and allows us to reenter the electronic bill presentment and payment revenue stream.
+Added: The success of the IMS acquisition will continue to depend on our ability to realize the anticipated growth opportunities.
+Added: We cannot assure you that we will be able to realize the anticipated growth opportunities.
If cryptocurrency rules and regulations increase or the interest in trading in cryptocurrencies subsides, our revenues could decrease.
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These regulatory concerns could affect our customers in the crypto industry coupled with a subsiding of interest or enthusiasm for the crypto industry could adversely impact our payment processing volumes and revenues.
+Added: For example, on July 6, 2022, our largest cryptocurrency customer filed for bankruptcy protection and the cryptocurrency landscape encountered significant distress during 2022.
+Added: This resulted in a meaningful loss of revenue and downturn in our ACH and complementary services business segment of approximately $0.8 million in 2022. 
Further, the rapidly evolving regulatory landscape with respect to cryptocurrency may subject us to inquiries or investigations from regulators and governmental authorities, require us to make product changes, restrict or discontinue product offerings, and implement additional and potentially costly controls.
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The ACH network is a nationwide batch-oriented electronic funds transfer system that provides for the interbank clearing of electronic payments for participating financial institutions.
−Removed: An Originating Depository Financial Institution is a participating financial institution that must abide by the provisions of the ACH Operating Rules and Guidelines.
+Added: An ODFI is a participating financial institution that must abide by the provisions of the ACH Operating Rules and Guidelines.
Through our relationships with Fifth Third Bank, Metropolitan Commercial Bank, and NABC, we process payment transactions on behalf of our customers and their consumers by submitting payment instructions in a prescribed ACH format.
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If we cannot collect such amounts from the applicable merchant or one of our resellers, we could end up bearing such fines or penalties, resulting in lower earnings for us.
−Removed: Market conditions could negatively impact our business, results of operations, cash flows and financial condition.
−Removed: The market in which we operate is affected by a number of factors that are largely beyond our control but can nonetheless have a potentially significant, negative impact on us.
−Removed: These factors include, among other things:
−Removed: changes in interest rates and credit spreads;
−Removed: the availability of credit, including the price, terms, and conditions under which it can be obtained;
−Removed: slower growth or recession or reduced consumer spending;
−Removed: the impact of COVID-19 generally and on the economy and the capital markets, including the measures taken by governmental authorities to address it;
−Removed: the actual and perceived state of the economy and public capital markets generally;
−Removed: amendments or repeals of legislation, or changes in regulations or regulatory interpretations thereof, and transitions of government, including uncertainty regarding any of the foregoing;
−Removed: the rise of international conflicts.
−Removed: Changes in these factors are difficult to predict, and a change in one factor could affect other factors, which could result in adverse effects to our business, results of operations, financial condition, and cash flows.
We are subject to extensive and complex federal and state regulation and new regulations and/or changes to existing regulations could adversely affect our business.
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Any failure, real or perceived, by us to comply with evolving regulatory requirements, interpretations, or orders, other local, state, federal, or international privacy, data protection, information security, or consumer protection-related laws and regulations, could cause our customers unease and materially and adversely affect our business.
−Removed: We will be liable for separation payments in case of change in control, termination without cause, non-renewal of the agreement, death, or disability under the respective employment agreements with our Chairman, Mr.
−Removed: Long and our President, Chief Executive Officer, and Chief Operating Officer, Mr.
+Added: We will be liable for separation payments in case of change in control, termination without cause, non-renewal of the agreement, death, or disability under the employment agreement with our Chairman, President, Chief Executive Officer, and Chief Operating Officer, Mr.
Hoch, which could have an adverse effect on our cash position and on our financial results.
−Removed: Pursuant to our respective employment agreements, as amended, with Michael Long, Chairman, and Louis Hoch, President, Chief Executive Officer, and Chief Operating Officer, in the event of change in control, termination without cause, termination by employee, or non-renewal of the employment agreement, we will be liable for separation payments, equaling an amount of (a) 2.95 times the respective base salary and bonus payments, plus (b) a pro rata portion of the respective annual bonus based on the number of days elapsed in the year prior, plus (c) 2.0 times the respective base salary for non-competition, and (d) continuing other benefits.
−Removed: We estimate the cash disbursements over time to be $1.5 to $3.0 million each for the respective agreements with Mr.
+Added: Pursuant to our employment agreement, as amended, with Louis Hoch, Chairman, President, Chief Executive Officer, and Chief Operating Officer, in the event of change in control, termination without cause, termination by employee, or non-renewal of the employment agreement, we will be liable for separation payments, equaling an amount of (a) 2.95 times the respective base salary and bonus payments, plus (b) a pro rata portion of the respective annual bonus based on the number of days elapsed in the year prior, plus (c) 2.0 times the respective base salary for non-competition, and (d) continuing other benefits.
+Added: We estimate the cash disbursements over time to be $3.1 million for the agreement with 
In the case of termination of the agreement due to death of the executive, we will be liable for separation payments, equaling an amount of 2.95 times the respective base salary.
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If these continuing payments cease before 36 months, we will have to pay the executive’s estate the deferred compensation minus any base salary payments within 30 days of the cessation.
−Removed: We estimate the cash disbursements over time to be approximately $0.75 and $1.7 million each for the respective agreements with Mr.
+Added: We estimate the cash disbursements over time to be approximately $1.9 million for the agreement with Mr.
Further, all stock options issued to the executive and all restricted stock granted to executive shall continue on their established vesting schedule.
In the case of termination of the agreement due to disability without death, we will be liable for separation payments, equaling an amount of disability benefits constituting base salary for 3 years.
−Removed: We estimate the cash disbursement over time to be $0.75 to $1.7 million for each for the respective agreements with Mr.
+Added: We estimate the cash disbursement over time to be $1.9 million for the agreement with Mr.
Unpaid and unearned bonus compensation or bonus deferred compensation is forfeited.
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We depend on Louis A.
−Removed: Hoch, our President, Chief Executive and Chief Operating Officer, and if he ceased to be active in our management, our business may not be successful.
+Added: Hoch, our Chairman, President, Chief Executive and Chief Operating Officer, and if he ceased to be active in our management, our business may not be successful.
Our success depends to a significant degree upon the continued contributions of our key management, marketing, service and related product development and operational personnel, including our President and Chief Executive and Chief Operating Officer, Louis A.
37 unchanged sentences
rules and regulations, the timing of the settlement of transactions and the assessment of subscription, maintenance or other fees can, among other things, result in overdrawn card accounts.
−Removed: As of December 31, 2021, our prepaid cardholders’
−Removed: overdrawn account balances totaled $56,922.
Although we maintain reserves for fraud and other losses, our exposure to these types of risks may exceed our reserve levels for a variety of reasons, including our failure to predict the actual recovery rate, failure to effectively manage risk and failure to prevent fraud.
4 unchanged sentences
As a result, our business may not grow and regain profitability.
+Added: Acquisitions may involve significant cash expenditures, debt issuances, equity issuances, operating losses and expenses. 
+Added: Acquisitions involve numerous other risks, including:
+Added: diversion of management time and attention from daily operations;
+Added: difficulties integrating acquired businesses, technologies and personnel into our business;
+Added: difficulties in obtaining and verifying the financial statements and other business information of acquired businesses;
+Added: inability to obtain required regulatory approvals;
+Added: potential loss of key employees, key contractual relationships or key customers of acquired companies or of ours;
+Added: assumption of the liabilities and exposure to unforeseen liabilities of acquired companies;
+Added: dilution of interests of holders of our common stock through the issuance of equity securities or equity-linked securities.
If we do not manage our credit risks related to our merchant accounts, we may incur significant losses.
41 unchanged sentences
The trading price of our common stock could be subject to wide fluctuations in response to, among other things, quarterly variations in operating and financial results, announcements of technological innovations or new products by our competitors or us, changes in prices of our products and services or our competitors' products and services, changes in product mix, or changes in our revenue and revenue growth rates.
−Removed: “Penny stock”
−Removed: rules may make buying or selling our securities difficult which may make our stock less liquid and make it harder for investors to buy and sell our shares.
−Removed: Trading in our securities is subject to the SEC’s “penny stock”
−Removed: rules, and it is anticipated that trading in our securities will continue to be subject to the penny stock rules for the foreseeable future.
−Removed: The SEC has adopted regulations that generally define a penny stock to be any equity security that has a market price of less than $5.00 per share, subject to certain exceptions.
−Removed: These rules require that any broker-dealer who recommends our securities to persons other than prior customers and accredited investors must, prior to the sale, make a special written suitability determination for the purchaser and receive the purchaser's written agreement to execute the transaction.
−Removed: Unless an exception is available, the regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock market and the risks associated with trading in the penny stock market.
−Removed: In addition, broker-dealers must disclose commissions payable to both the broker-dealer and the registered representative and current quotations for the securities they offer.
−Removed: The additional burdens imposed upon broker-dealers by these requirements may discourage broker-dealers from recommending transactions in our securities, which could severely limit the liquidity of our securities and consequently adversely affect the market price for our securities.
If security or industry analysts publish reports that are interpreted negatively by the investment community, publish negative research reports about our business, cease coverage of our company or fail to regularly publish reports or us, our share price could decline.
8 unchanged sentences
The amount of dilution due to future equity-based compensation issued to our employees and other additional issuances could be substantial.
+Added: We may issue additional equity securities, or engage in other transactions that could dilute our book value or affect the priority of our Common Stock, which may adversely affect the market price of our Common Stock.
+Added: Our articles of incorporation allow our Board to issue up to 200,000,000 shares of Common Stock.
+Added: Our Board may determine from time to time that we need to raise additional capital by issuing Common Stock or other equity securities.
+Added: Except as otherwise described in this Annual Report, we are not restricted from issuing additional securities, including securities that are convertible into or exchangeable for, or that represent the right to receive, shares of our Common Stock.
+Added: Because our decision to issue securities in any future offering will depend on market conditions and other factors beyond our control, we cannot predict or estimate the amount, timing, or nature of any future offerings, or the prices at which such offerings may be affected.
+Added: Additional equity offerings may dilute the holdings of our existing stockholders or reduce the market price of our Common Stock, or both.
+Added: Holders of our Common Stock are not entitled to pre-emptive rights or other protections against dilution.
+Added: New investors also may have rights, preferences and privileges that are senior to, and that adversely affect, the then-current holders of our Common Stock.
+Added: Additionally, if we raise additional capital by making offerings of debt or shares of preferred stock, upon our liquidation, holders of our debt securities and shares of preferred stock, and lenders with respect to other borrowings, may receive distributions of our available assets before the holders of our Common Stock.
+Added: We may issue shares of preferred stock with greater rights than our Common Stock.
+Added: Subject to the rules of The Nasdaq Stock Market, our articles of incorporation authorize our board of directors to issue one or more series of preferred stock and set the terms of the preferred stock without seeking any further approval from holders of our Common Stock.
+Added: Any preferred stock that is issued may rank ahead of our Common Stock in terms of dividends, priority and liquidation premiums and may have greater voting rights than our Common Stock.
+Added: We have not paid any cash dividends in the past and have no plans to issue cash dividends in the future, which could cause our Common Stock to have a lower value than that of similar companies which do pay cash dividends.
+Added: We have not paid any cash dividends on our Common Stock to date and do not anticipate any cash dividends being paid to holders of our Common Stock in the foreseeable future.
+Added: Any determination to pay dividends in the future will be at the discretion of our Board.
+Added: While our dividend policy will be based on the operating results and capital needs of the business, it is anticipated that any earnings will be retained to finance our future expansion.
+Added: As we have no plans to issue cash dividends in the future, our Common Stock could be less desirable to other investors and as a result, the value of our Common Stock may decline, or fail to reach the valuations of other similarly situated companies that pay cash dividends.
+Added: Shares eligible for future sale may depress our stock price.
+Added: As of March 3, 2023, we had 26,392,315 shares of Common Stock outstanding of which 4,986,167 shares were held by affiliates.
+Added: All of the shares of Common Stock held by affiliates are restricted or control securities under Rule 144 promulgated under the Securities Act of 1933, as amended (the “Securities Act”).
+Added: Sales of shares of Common Stock under Rule 144 or another exemption under the Securities Act or pursuant to a registration statement could have a material adverse effect on the price of our Common Stock and could impair our ability to raise additional capital through the sale of equity securities.
+Added: Furthermore, all Common Stock beneficially owned by persons who are not our affiliates and have beneficially owned such shares for at least one year may be sold at any time by these existing stockholders in accordance with Rule 144 of the Securities Act.
+Added: However, there can be no assurance that any of these existing stockholders will sell any or all of their Common Stock and there may be a lack of supply of, or demand for, our Common Stock on The Nasdaq Stock Market.
+Added: In the case of a lack of supply of our Common Stock offered in the market, the trading price of our Common Stock may rise to an unsustainable level, particularly in instances where institutional investors may be discouraged from purchasing our Common Stock because they are unable to purchase a block of our Common Stock in the open market due to a potential unwillingness of our existing stockholders to sell the amount of Common Stock at the price offered by such investors and the greater influence individual investors have in setting the trading price.
+Added: In the case of a lack of market demand for our Common Stock, the trading price of our Common Stock could decline significantly and rapidly after our listing.
+Added: Your percentage of ownership in our Common Stock may be diluted in the future.
+Added: In the future, the percentage ownership in our Common Stock owned by our stockholders may be diluted because of equity issuances for acquisitions, capital market transactions or otherwise, including equity awards that we expect to be granting to our directors, officers and employees.
+Added: Such issuances may have a dilutive effect on our earnings per share, which could materially adversely affect the market price of our Common Stock.
+Added: Our directors and officers have substantial control over us.
+Added: Our directors and executive officers, together with their affiliates and related persons, beneficially owned, in the aggregate, approximately 19% of our outstanding Common Stock as of March 3, 2023.
+Added: These stockholders have the ability to substantially control our operations and direct our policies including the outcome of matters submitted to our stockholders for approval, such as the election of directors and any acquisition or merger, consolidation or sale of all or substantially all of our assets.
+Added: GENERAL RISK FACTORS
+Added: Market conditions could negatively impact our business, results of operations, cash flows and financial condition.
+Added: The market in which we operate is affected by a number of factors that are largely beyond our control but can nonetheless have a potentially significant, negative impact on us.
+Added: These factors include, among other things:
+Added: changes in interest rates and credit spreads;
+Added: the availability of credit, including the price, terms, and conditions under which it can be obtained;
+Added: slower growth or recession or reduced consumer spending;
+Added: the impact of COVID-19 generally and on the economy and the capital markets, including the measures taken by governmental authorities to address it;
+Added: the actual and perceived state of the economy and public capital markets generally;
+Added: amendments or repeals of legislation, or changes in regulations or regulatory interpretations thereof, and transitions of government, including uncertainty regarding any of the foregoing;
+Added: the rise of international conflicts.
+Added: Changes in these factors are difficult to predict, and a change in one factor could affect other factors, which could result in adverse effects to our business, results of operations, financial condition, and cash flows.
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.