UUU on NYSE

UNIVERSAL SAFETY PRODUCTS, INC.

UNIVERSAL SAFETY PRODUCTS, INC. is an American wholesale-electronic parts and equipment company based in Owings Mills.1 Its shares trade on NYSE under the symbol UUU.1

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Last updated Oct 20, 2026.

Overview

$4.8MRevenue, fiscal 20262
-$2.5MNet income, fiscal 20262

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  • TickerUUU on NYSE1
  • IndustryWholesale-Electronic Parts & Equipment, NEC1
  • HeadquartersOwings Mills, Maryland1
  • Incorporated inMD3
  • Business address11407 Cronhill Drive, Suites A-D, Owings Mills, Md 21117-35863
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation

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Universal Safety Products, Inc., (“we” or “the Company”) designs and markets a variety of popularly priced safety products which, during the period covered by this Annual Report, consisted primarily of smoke alarms, carbon monoxide alarms and related products. Most of our products require minimal installation and are designed for easy installation by the consumer without professional assistance and are sold through retail stores. We also market products to the electrical distribution trade through our wholly owned subsidiary, Universal Safety Electric, Inc. The electrical distribution trade includes electrical and lighting distributors as well as manufactured housing companies. Products we sell usually require professional installation.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

16.6%Gross margin2
-96.0%Operating margin2
-51.3%Net margin2
-79.4%Revenue growth, 20262
-76.8%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Safety Alarms brought in 85% of the revenue UNIVERSAL SAFETY PRODUCTS, INC. broke down this way in fiscal 2026.

  1. Safety Alarms$4.1M285%down 80% from 2025
  2. Sales of GFCI’s, Ventilation Fans, and Other Electrical Devices$712.0K215%down 71% from 2025
Products and services by year
Products and services20252026
Safety Alarms$21.1M$4.1M
Sales of GFCI’s, Ventilation Fans, and Other Electrical Devices$2.4M$712.0K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue40¢$4.0M
  • Selling, general and admin52¢$5.2M
  • Interest3¢$345.9K
  • Income tax4¢$366.0K

Out of $4.8M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Dividends paid100¢$2.3M

Out of $536.2K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Revenue678910112$4.8M in 2026−72% since 2019
0$10.0M$20.0M$30.0M2019: $17.6M$17.6M20192020: $14.8M$14.8M2020−16%2021: $17.5M$17.5M2021+18%2022: $19.5M$19.5M2022+12%2023: $22.2M$22.2M2023+13%2024: $19.5M$19.5M2024−12%2025: $23.6M$23.6M2025+21%2026: $4.8M$4.8M2026−79%
Gross profit678910112$803.4K in 2026−86% since 2019
0$2.0M$4.0M$6.0M$8.0M2019: $5.6M$5.6M20192020: $3.8M$3.8M2020−32%2021: $5.6M$5.6M2021+50%2022: $6.0M$6.0M2022+7%2023: $6.3M$6.3M2023+5%2024: $5.6M$5.6M2024−12%2025: $6.8M$6.8M2025+22%2026: $803.4K$803.4K2026−88%
Operating income678910112-$4.7M in 2026
-$6.0M-$4.0M-$2.0M0$2.0M2019: $186.9K$186.9K20192020: -$1.6M-$1.6M20202021: $133.8K$133.8K20212022: $69.7K$69.7K2022−48%2023: $972.6K$972.6K2023+1296%2024: -$564.8K-$564.8K20242025: $402.0K$402.0K20252026: -$4.7M-$4.7M2026
Net income1278910112-$2.5M in 2026
-$6.0M-$4.0M-$2.0M0$2.0M2019: $1.3M$1.3M20192020: -$5.8M-$5.8M20202021: $268.3K$268.3K20212022: -$78.2K-$78.2K20222023: $720.4K$720.4K20232024: -$695.8K-$695.8K20242025: $500.7K$500.7K20252026: -$2.5M-$2.5M2026

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-03-312025-03-31
Net sales$4.8M$23.6M
Cost of goods sold$4.0M$16.7M
GROSS PROFIT$803.4K$6.8M
Selling, general and administrative expense$5.2M$6.0M
Engineering and product development expense$223.8K$424.8K
Operating (loss) income-$4.7M$402.0K
Gain on sale of asset$2.8M
Change in fair value of derivative component of convertible debt-$75.0K
Interest income$134.3K
Interest expense-$345.9K-$262.4K
Net (loss) income before income taxes-$2.1M$139.7K
Provision for income tax (expense) benefit-$366.0K$361.0K
NET (LOSS) INCOME-$2.5M$500.7K
Basic (in dollars per share)-$1.04$0.22
Diluted (in dollars per share)-$1.04$0.22
Weighted average basic shares outstanding (in shares)2.4M shares2.3M shares
Weighted average diluted shares outstanding (in shares)2.4M shares2.3M shares

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Corporate structure

UNIVERSAL SAFETY PRODUCTS, INC. sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of UNIVERSAL SAFETY PRODUCTS, INC.

  • JLA Realty Associates, LLC Filed SCHEDULE 13D/A on UNIVERSAL SAFETY PRODUCTS, INC., latest May 19, 2026 (5 filings since Jul 2, 2025)
  • David E. Lazar Filed SCHEDULE 13G/A on UNIVERSAL SAFETY PRODUCTS, INC., latest May 7, 2026 (2 filings since Jan 26, 2026)
  • Ault & Company, Inc. Filed SCHEDULE 13D/A on UNIVERSAL SAFETY PRODUCTS, INC., latest Oct 23, 2025 (5 filings since Dec 23, 2024)
  • POPLAR POINT CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on UNIVERSAL SAFETY PRODUCTS, INC., latest Oct 3, 2025 (2 filings since May 15, 2025)
  • Steven Caspi Filed SCHEDULE 13D/A on UNIVERSAL SAFETY PRODUCTS, INC., latest Jul 8, 2025
  • Auctus Fund Management LLC Filed SC 13G/A on UNIVERSAL SAFETY PRODUCTS, INC., latest Feb 14, 2024 (3 filings since Mar 11, 2022)
  • Four Kids Investment Funds LLC Filed SC 13G/A on UNIVERSAL SAFETY PRODUCTS, INC., latest Mar 14, 2022 (3 filings since Dec 2, 2021)
  • UNIVERSAL SAFETY PRODUCTS, INC. Owings Mills, Maryland
    • D-U Merger Sub, Inc. Subsidiary · Delaware, United States
    • Universal DEFI, LLC Subsidiary · Nevada, United States
    • Universal Safety Electric, Inc. Subsidiary · Texas, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What UNIVERSAL SAFETY PRODUCTS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.9M11 Mar 31, 2025$1.9M11 Mar 31, 20240%
Accumulated depreciation$1.9M11 Mar 31, 2025$1.7M11 Mar 31, 2024+9.3%
Operating-lease assets (leased space)$011 Mar 31, 2025$159.7K11 Mar 31, 2024−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.5M2 Mar 31, 2026$348.1K2 Mar 31, 2025+898.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Accumulated amortization$62.6K11 Mar 31, 2025$58.1K11 Mar 31, 2024+7.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.0M11 Mar 31, 2025$4.8M11 Mar 31, 2024−36.4%
Finished goods$370.9K2 Mar 31, 2026$3.0M2 Mar 31, 2025−87.7%

Properties, in its own words

Our operating lease for a 15,000 square foot office and warehouse located in Baltimore County, Maryland has been extended various times with the latest extension occurring subsequent to March 31, 2026, on May 14, 2026, extending the lease on a month-to-month basis through December 2026. No option to continue the lease beyond December 2026 has been provided in the lease extension. Monthly rental expense, with common area maintenance, is approximately $15,000. The Company believes that its current facilities are currently suitable and adequate.

Item 2 of the 10-K filed Jul 2, 2026.5

Leadership

Who has led UNIVERSAL SAFETY PRODUCTS, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Harvey B. Grossblatt2006–now

Chair

  1. Harvey B. Grossblatt2025–now

President

  1. Harvey B. Grossblatt2006–now

Chief financial officer

  1. James Ballard Huff2006–now
2010201520202025
Board members and other officers (8)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • D-U Merger Sub, Inc. Delaware4
  • Universal DEFI, LLC Nevada4
  • Universal Safety Electric, Inc. Texas4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • UNIVERSAL SECURITY INSTRUMENTS INCNov 14, 1995 to Jun 6, 20253

Timeline

  1. Oct 15, 20268-K Bylaws or fiscal year changed26
  2. Oct 9, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares27
  3. Oct 7, 20268-K Bylaws or fiscal year changed; Regulation FD disclosure28
  4. Aug 7, 20268-K Bylaws or fiscal year changed29
  5. Jul 31, 20268-K Shareholder vote30
  6. Jun 12, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares31
  7. May 19, 20268-K Unregistered sale of shares32
  8. Mar 27, 20268-K Shareholder vote33
  9. Feb 6, 20268-K Unregistered sale of shares34
  10. Dec 16, 20258-K Shareholder vote35
  11. Nov 14, 20258-K Shareholder vote36
  12. Oct 20, 20258-K Shareholder vote37
  13. Feb 10, 2006New chief executive Harvey B. Grossblatt becomes CEO16

Calendar

When it reported results

  1. Feb 18, 2025Reported quarterly or annual results38

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

212 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 58 insider forms, 21 large holders, 1 private raises, 66 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 9, 2026PRE 14A EDGAR
  3. Oct 9, 20268-K EDGAR
  4. Oct 7, 20268-K EDGAR
  5. Oct 5, 2026RW EDGAR
  6. Oct 1, 20264 EDGAR
  7. Sep 24, 20264 EDGAR
  8. Sep 22, 20264 EDGAR
  9. Sep 21, 20264 EDGAR
  10. Sep 10, 20264 EDGAR
  11. Sep 10, 20264/A EDGAR
  12. Sep 8, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 31, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 26, 20264 PRIMARY DOCUMENT EDGAR
  15. Aug 21, 20264 PRIMARY DOCUMENT EDGAR
  16. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  17. Aug 14, 2026PRE 14A EDGAR
  18. Aug 14, 202610-Q EDGAR
  19. Aug 7, 20268-K EDGAR
  20. Jul 31, 20268-K EDGAR

The 212 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

97 open-market trades by officers, directors and large owners since October 2021: 97 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 23, 2026AULT MILTON C IIIDirectorBuy12,334$5.11$63.0KForm 4
Sep 22, 2026AULT MILTON C IIIDirectorBuy3,000$5.02$15.1KForm 4
Sep 21, 2026AULT MILTON C IIIDirectorBuy100$5.07$507Form 4
Sep 18, 2026AULT MILTON C IIIDirectorBuy100$5.01$501Form 4
Sep 17, 2026AULT MILTON C IIIDirectorBuy200$4.86$972Form 4
Sep 8, 2026AULT MILTON C IIIDirectorBuy300$5.65$1.7KForm 4
Sep 4, 2026AULT MILTON C IIIDirectorBuy700$5.42$3.8KForm 4
Sep 4, 2026AULT MILTON C IIIDirectorBuy700$5.42$3.8KForm 4
Sep 3, 2026AULT MILTON C IIIDirectorBuy100$5.49$549Form 4
Sep 3, 2026AULT MILTON C IIIDirectorBuy100$5.49$549Form 4
Sep 1, 2026AULT MILTON C IIIDirectorBuy100$5.15$515Form 4
Aug 31, 2026AULT MILTON C IIIDirectorBuy2,700$5.04$13.6KForm 4
Aug 28, 2026AULT MILTON C IIIDirectorBuy10,800$5.18$56.0KForm 4
Aug 27, 2026AULT MILTON C IIIDirectorBuy5,300$6.01$31.8KForm 4
Aug 26, 2026AULT MILTON C IIIDirectorBuy10,200$6.08$62.0KForm 4
Aug 25, 2026AULT MILTON C IIIDirectorBuy9,229$6.02$55.6KForm 4
Aug 24, 2026AULT MILTON C IIIDirectorBuy10,000$6.59$65.9KForm 4
Aug 21, 2026AULT MILTON C IIIDirectorBuy21,672$6.34$137.4KForm 4
Aug 20, 2026AULT MILTON C IIIDirectorBuy7,506$6.13$46.0KForm 4
Aug 19, 2026AULT MILTON C IIIDirectorBuy26,828$5.53$148.4KForm 4

All 97 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 13, 2025Raised $1 million in a private offering of debt Form D: $2.5 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Truist Financial Corp37,516$145.2K0.0%New
Vanguard Capital Management LLC26,745$122.8K0.0%No change
Two Sigma Investments, LP18,256$83.8K0.0%−6,756
Geode Capital Management, LLC16,889$77.5K0.0%No change
Bridgeway Capital Management, LLC14,377$66.0K0.0%No change
Vanguard Fiduciary Trust Co13,829$63.5K0.0%No change
Morgan Stanley6,017$27.6K0.0%+1,909
UBS Group AG2,635$12.1K0.0%+830
Jones Financial Companies Lllp2,510$11.5K0.0%No change
Tower Research Capital LLC (TRC)1,527$7.0K0.0%+773
Russell Investments Group, Ltd.445$2.0K0.0%No change
Jpmorgan Chase & Co265$1.2K0.0%No change
Global Retirement Partners, LLC194$8910.0%New
Fmr LLC100$4590.0%New
SBI Securities Co., Ltd.100$4590.0%No change
Janney Montgomery Scott LLC41,293$1900.0%New
Harbour Investments, Inc.2$90.0%No change
Royal Bank Of Canada6$00.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How UNIVERSAL SAFETY PRODUCTS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUNIVERSAL SAFETY PRODUCTS, INC.1
  • CIK0000102109
  • Employer ID (EIN)52-08985455
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inMaryland5
  • Fiscal year endsMarch 311
  • Industry code (SIC)5065 Wholesale-Electronic Parts & Equipment, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address11407 Cronhill Drive, Suites A-D, Owings Mills, MD 21117-35861
  • Phone41036330001
  • Shares outstanding3,028,463 as of Aug 14, 202615
  • Public float$8.4M as of Sep 30, 20255
  • AuditorCBIZ CPAs P.C., Philadelphia, PA PCAOB ID 199; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceAug 11, 19951
  • Filings738 in all: 4 (170), 8-K (119), 10-Q (94), NT 10-Q (37), SC 13G/A (32), 10-K (31), DEF 14A (31), SC 13D/A (28)1
    All 45 form types

    SCHEDULE 13D/A (25), DEFA14A (19), NT 10-K (18), SC 13G (16), 4/A (15), SC 13D (10), 425 (8), DEFR14A (8), UPLOAD (8), 10-K/A (7), ARS (6), REGDEX (6), 3 (5), CORRESP (5), PRE 14A (4), 10-Q/A (3), D (3), S-8 (3), 144 (2), 424B3 (2), 8-K/A (2), RW (2), S-1 (2), SCHEDULE 13D (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 8-A12B (1), CERTNYS (1), DEFM14A (1), DEFS14A (1), EFFECT (1), PREM14A (1), PRES14A (1), S-1/A (1), S-3 (1), S-4 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Jul 2, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Jun 23, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common StockUUUNYSE

From the cover page of the 10-K filed Jul 2, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks UNIVERSAL SAFETY PRODUCTS, INC. names in Item 1A of its 10-K filed Jul 2, 2026: 60 risks under these headings, as written.5

  • Risks Related to Our Company
  • We have an evolving business model, which increases the complexity of our business.
  • We are heavily dependent on our senior management, and a loss of a member of our senior management team could cause our stock price to suffer.
  • We rely on highly skilled personnel and the continuing efforts of our executive officers and, if we are unable to retain, motivate or hire qualified personnel, our business may be severely disrupted.
  • Risks Related to Universal DeFi
  • Universal DeFi has a limited operating history, which makes it difficult to evaluate its business and prospects.
  • Universal DeFi will require substantial additional capital, which may not be available when needed.
  • Universal DeFi has limited personnel and must build the operational, compliance, and information security functions necessary to operate its business.
  • Universal DeFi’s planned services and business model may change materially before it commences full operations.
  • Universal DeFi’s tokenization platform is not yet operational and may never launch or achieve market acceptance.
  • The market for tokenized assets is new and unproven and may not develop as Universal DeFi expects.
  • Universal DeFi faces competition in tokenization services, including from larger and better-resourced providers.
The other 50 risks
  • Universal DeFi’s issuer onboarding occurs before issuance and is not ongoing, and it may not detect issuer misconduct or asset problems that arise after issuance.
  • Under the platform’s design, issuers control their own tokens after issuance, and the loss or compromise of an issuer’s approvals may permanently impair control of a token, which Universal DeFi may be unable to remedy.
  • Universal DeFi’s association with assets tokenized through its platform could expose it to reputational harm and claims if those assets prove fraudulent, unbacked, or impaired.
  • If Universal DeFi elects to administer token environments on behalf of issuers, its responsibilities and risk profile would change materially.
  • Universal DeFi’s node and validator operations, and its tokenization platform, depend on the Ault Blockchain, a new network developed by an affiliated organization that may not achieve adoption or operate as intended.
  • The digital tokens Universal DeFi earns from its node and validator operations have no current market value, are non-cash and illiquid, and may never have value.
  • Universal DeFi’s validator must stake tokens and is subject to penalties, including the loss of staked tokens, for downtime or improper operation.
  • Universal DeFi’s validator is operated by an affiliate under an arrangement that has not been formalized, which involves conflicts of interest and may be disrupted.
  • The rewards Universal DeFi earns from its Ault Nodes depend on the continued performance of work and on a selection process, and may be less than Universal DeFi expects.
  • Universal DeFi acquired its node licenses at a cost, the licenses are subject to transfer restrictions, and they may decline in value or be impaired.
  • Affiliates of the Company are involved in the Ault Blockchain as its developer and as network participants, which creates conflicts of interest and concentration.
  • Universal DeFi depends on a third-party developer to build and maintain its tokenization platform.
  • The platform’s token control depends on a single third-party security provider, and a failure of that provider could disrupt the platform.
  • Smart contracts and software underlying the platform and the Ault Blockchain may contain vulnerabilities that could be exploited.
  • A cybersecurity breach, or the loss or theft of cryptographic keys, could result in the loss of assets or the disruption of Universal DeFi’s operations.
  • The Ault Blockchain is a new network that may experience outages, forks, congestion, or technical failures.
  • Technological change or obsolescence could render Universal DeFi’s platform or operations uncompetitive.
  • The regulatory framework for tokenized and digital assets is new, unsettled, and evolving.
  • The classification of a tokenized asset as a security, a commodity, or another type of asset is uncertain and varies by underlying asset and jurisdiction.
  • Regulatory requirements applicable to tokenized assets could materially limit, delay, or prevent Universal DeFi from offering its tokenization services, and could require it to curtail or cease that business.
  • Universal DeFi may be required to obtain licenses or registrations, and may be deemed to be acting as a broker-dealer, transfer agent, money transmitter, or other regulated entity.
  • Regulation varies by jurisdiction and may restrict, condition, or prohibit Universal DeFi’s services in markets that are material to its business.
  • International regulatory regimes impose additional and differing requirements that could increase Universal DeFi’s costs or restrict its operations.
  • Universal DeFi relies on issuers to perform holder-level identity verification, and it may nonetheless face anti-money-laundering liability for the misuse of tokens issued through its platform.
  • Universal DeFi may become subject to enforcement actions, investigations, or litigation.
  • Risks Related to Our Indebtedness and Liquidity
  • We have incurred losses and we may not be able to manage our business on a profitable basis.
  • Our losses from operations and liquidity conditions raise substantial doubt regarding our ability to continue as a going concern.
  • To service any future indebtedness and other obligations, we will require a significant amount of cash.
  • We will need to raise additional capital to fund our operations in furtherance of our business plan.
  • Risks Related to our Business and Operations
  • If we are unable to sell our remaining electrical products after the Feit Asset Sale at acceptable prices relative to our costs including import tariffs, or if we fail to develop and introduce on a timely basis new electrical products from which we can derive additional sales, our financial results will suffer and may negatively impact our ability to achieve our business objectives.
  • Changes in trade policy in the U.S. and other countries, specifically the People’s Republic of China, including the imposition of additional tariffs and the resulting consequences, may adversely impact our results of operations and financial condition.
  • Global economic and capital market conditions may cause our access to capital to be more difficult in the future and/or costs to secure such capital more expensive.
  • Our overall sales are primarily dependent upon the strength of the U.S. housing market.
  • Competition from a number of companies could result in price reduction, reduced revenue and loss of market share and could harm our results of operations.
  • Risks Related to Ownership of Our Common Stock and Future Offerings
  • If we do not continue to satisfy the NYSE American continued listing requirements, our common stock could be delisted from NYSE American.
  • You may experience future dilution as a result of future equity offerings.
  • Our common stock price may be volatile.
  • Volatility in our common stock price may subject us to securities litigation.
  • We are controlled by current officers, directors and principal stockholders.
  • The issuance of shares of common stock upon the conversion of convertible notes could affect our stock price.
  • If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our shares of common stock, the price of our common stock and trading volume could decline.
  • General Risk Factors
  • Deterioration of global economic conditions could adversely affect our business.
  • If we fail to establish and maintain an effective system of internal control over financial reporting, we may not be able to report our financial results accurately or prevent fraud. Any inability to report and file our financial results accurately and timely could harm our reputation and adversely impact the trading price of our common stock.
  • If our accounting controls and procedures are circumvented or otherwise fail to achieve their intended purposes, our business could be seriously harmed.
  • Our internal computer systems may fail or suffer security breaches, which could result in a material disruption of our operations.
  • Many of our competitors are larger and have greater financial and other resources than we do.
  • The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members.
  • We have identified material weaknesses in our internal control over financial reporting and may identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal controls, which may result in material misstatements of our financial statements or cause us to fail to meet our periodic reporting obligations.
  • The elimination of monetary liability against our directors, officers and employees under law and the existence of indemnification rights for or obligations to our directors, officers and employees may result in substantial expenditures by us and may discourage lawsuits against our directors, officers and employees.
  • We do not anticipate paying cash dividends on our common stock and, accordingly, stockholders must rely on stock appreciation for any return on their investment.

Legal proceedings

From time to time the Company is involved in various claims and routine litigation matters. In the opinion of management, after consultation with legal counsel, the outcomes of such matters are not anticipated to have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows.

The opening of Item 3, Legal Proceedings.5

Sources

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