15 unchanged sentences
We have never declared or paid any cash dividends on our common stock.
−Removed: In addition, our credit facility limits the amount of cash dividends we may pay while amounts under the credit facility are outstanding.
−Removed: Furthermore, we expect to retain future earnings to finance our operations and expansion.
+Added: We expect to retain future earnings to finance our operations and expansion.
The payment of cash dividends in the future will be at the discretion of our board of directors and will depend upon our earnings levels, capital requirements, any restrictive loan covenants, and other factors the board of directors considers relevant.
1 unchanged sentence
2021 Equity Incentive Plan
−Removed: Our 2021 Equity Incentive Plan, which we refer to as the 2021 Plan, is designed and utilized to enable the Company to offer its employees, officers, directors, consultants, and others whose past, present, and/or potential contributions to the Company have been, are, or will be important to the success of the Company, an opportunity to acquire a proprietary interest in the Company.
+Added: Our 2021 Equity Incentive Plan, which we refer to as the 2021 Plan, is designed and utilized to enable the Company to offer its employees, officers, directors, consultants, and others whose past, present, and/or potential contributions to the
+Added: Company have been, are, or will be important to the success of the Company, an opportunity to acquire a proprietary interest in the Company.
The following is a description of the 2021 Plan.
22 unchanged sentences
● No Awards may be granted on or after the tenth anniversary of the effective date of the 2021 Plan.
−Removed: From time to time, the Company issues stock-based compensation to its officers, directors, employees, and consultants.
+Added: 2011 Equity Incentive Plan
+Added: The key terms and provisions of our Amended and Restated 2011 Equity Incentive Plan, which we refer to as the 2011 Plan, were substantially similar to the 2021 Plan described above, with the major difference being the number of shares of common stock reserved for issuance under the 2011 Plan.
+Added: Stock-based awards (including options, warrants, and restricted stock) previously granted under the 2011 Plan remain outstanding, and shares of common stock may be issued to satisfy options or warrants previously granted under the 2011 Plan, although no new awards may be granted under the 2011 Plan.
+Added: From time to time, the Company issues stock-based compensation to its officers, directors, employees, and consultants through its equity compensation plans.
The maximum term of options granted is generally five years and generally options vest over a period of six months to two years.
30 unchanged sentences
Purchases of equity securities by the issuer and affiliated purchasers
−Removed: The following table provides information with respect to common stock repurchased by us during the years ended December 31, 2021 and 2020:
−Removed: Total Number of Shares
−Removed: of Common Stock
−Removed: Total Number of
−Removed: Part of a Publicly
−Removed: Plan or Program
−Removed: October 1, 2021 to October 31, 2021 (i)
−Removed: Total year ended December 31, 2021
−Removed: March 1, 2020 to March 31, 2020 (i)
−Removed: May 1, 2020 to May 31, 2020 (i)
−Removed: December 1, 2020 to December 31, 2020 (i)
−Removed: Total year ended December 31, 2020
−Removed: (i) The shares were exchanged from employees and directors in connection with the income tax withholding obligations on behalf of such employees and directors from the vesting of restricted stock or the receipt of stock awards.
+Added: We did not repurchase any shares of common stock during the fourth fiscal quarter ended December 31, 2022.
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.