Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
E commerce brought in 81% of the revenue Endovia Health Sciences, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| E commerce | $646.1K | $59.0K |
| Splash Beverage Group | $155.1K | $14.1K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Interest100¢$2.5M
Out of $73.1K in revenue.3 The company lost money this year.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $20.4K4 | $2.3M5 | $11.3M6 | $18.1M7 | $18.9M8 | $801.3K3 | $73.1K3 |
| Cost of revenue | $245.5K4 | $1.9M5 | $7.4M6 | $12.2M7 | $13.3M8 | $3.8M8 | |
| Gross profit | -$225.1K4 | $363.6K5 | $3.9M6 | $5.9M7 | $5.6M8 | -$119.8K3 | $16.9K3 |
| Selling, general and admin | $204.1K11 | ||||||
| Operating expenses | $33.0M6 | $27.3M7 | $20.9M8 | $9.8M3 | $14.2M3 | ||
| Operating income | -$4.5M4 | -$17.7M5 | -$29.1M6 | -$21.4M7 | -$15.3M8 | -$9.9M3 | -$14.2M3 |
| Interest | $8.4K11 | $442.8K6 | $251.5K7 | $1.9M8 | $3.7M3 | $2.5M3 | |
| Income tax | $011 | $05 | $06 | $07 | $08 | $03 | $03 |
| Net income | -$5.1M4 | -$28.7M4 | -$29.1M6 | -$21.7M7 | -$21.0M8 | -$23.8M3 | -$25.2M3 |
| Earnings per share | -$0.0411 | -$1.065 | -$1.025 | -$17.683 | -$11.973 | ||
| Earnings per share (diluted) | -$0.0411 | -$1.065 | -$1.025 | -$17.683 | -$11.973 | ||
| Shares (weighted, basic) | 37.4M shares7 | 1.1M shares8 | 1.3M shares3 | 2.2M shares3 | |||
| Shares (weighted, diluted) | 28.9M shares5 | 37.4M shares7 | 1.1M shares8 | 1.3M shares3 | 2.2M shares3 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $42.6K5 | $380.0K5 | $4.2M6 | $4.4M7 | $380.0K8 | $13.8K3 | $281.4K3 |
| Receivables | $1.1M6 | $1.8M7 | $890.6K8 | $192.0K3 | $15.7K3 | ||
| Inventory | $1.9M6 | $3.7M7 | $2.3M8 | $319.1K3 | $33.5K3 | ||
| Current assets | $370.7K4 | $2.2M5 | $8.3M6 | $10.7M7 | $4.0M8 | $1.9M3 | $632.0K3 |
| Property, plant and equipment | $569.8K6 | $489.6K7 | $349.8K8 | $22.2K3 | $12.9K3 | ||
| Goodwill | $256.8K6 | $256.8K7 | $256.8K8 | ||||
| Intangible assets | $4.9M7 | $4.5M8 | |||||
| Total assets | $605.3K4 | $9.2M5 | $16.4M6 | $17.3M7 | $9.9M8 | $2.8M3 | $965.7K3 |
| Accounts payable | $1.9M6 | $3.4M7 | $4.4M8 | $3.6M3 | $4.8M3 | ||
| Current liabilities | $10.3M4 | $5.4M5 | $6.5M6 | $5.0M7 | $14.8M8 | $19.4M3 | $16.3M3 |
| Long-term debt | $2.1K11 | $1.2M5 | $06 | $2.5M7 | $457.7K8 | $2.0M3 | $3.4K3 |
| Long-term liabilities | $1.0M6 | $3.0M7 | $753.8K8 | $2.0M3 | $6.4K3 | ||
| Total liabilities | $10.4M4 | $9.3M5 | $7.5M6 | $8.0M7 | $15.5M8 | $21.4M3 | $16.3M3 |
| Retained earnings | -$90.6M6 | -$112.3M7 | -$133.3M8 | -$155.8M3 | -$181.9M3 | ||
| Shareholders’ equity | -$9.8M5 | -$9.4M6 | $8.9M7 | $9.3M8 | -$5.6M3 | -$18.6M3 | -$15.3M3 |
| Shares outstanding | 43.9M shares4 | 21.2M shares5 | 33.6M shares6 | 41.1M shares7 | 1.1M shares8 | 1.7M shares3 | 1.7M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$2.7M4 | -$21.3M5 | -$14.7M6 | -$14.0M7 | -$10.2M8 | -$7.3M3 | -$4.8M3 |
| Depreciation and amortization | $111.6K6 | $936.0K7 | $546.0K8 | $401.6K3 | $9.3K3 | ||
| Stock-based compensation | $4.0M6 | $7.4M7 | $1.2M8 | $2.4M3 | $8.6M3 | ||
| Cash from investing | $06 | -$102.7K7 | -$14.1K8 | -$3.2K8 | |||
| Cash from financing | $19.0M6 | $14.4M7 | $6.1M8 | $7.5M3 | $5.1M3 |
Corporate structure
Endovia Health Sciences, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Endovia Health Sciences, Inc.
- Aida Aragon Filed SCHEDULE 13G on Endovia Health Sciences, Inc., latest Nov 6, 2025
- Magdalene Tong Filed SCHEDULE 13G on Endovia Health Sciences, Inc., latest Oct 31, 2025
- Thomas Butler Fore Filed SCHEDULE 13D on Endovia Health Sciences, Inc., latest Oct 31, 2025
- Robert Nistico Filed SCHEDULE 13D on Endovia Health Sciences, Inc., latest Oct 27, 2025
- Frederick William Caple Filed SCHEDULE 13D on Endovia Health Sciences, Inc., latest Oct 21, 2025
- Justin W. Yorke Filed SCHEDULE 13D on Endovia Health Sciences, Inc., latest Oct 21, 2025 (2 filings since Apr 20, 2022)
- William R. Meissner Filed SCHEDULE 13D on Endovia Health Sciences, Inc., latest Oct 21, 2025
- William T. Devereux Filed SCHEDULE 13D on Endovia Health Sciences, Inc., latest Oct 21, 2025
- L K Family Limited Partnership Filed SC 13G/A on Endovia Health Sciences, Inc., latest Nov 16, 2022 (2 filings since Nov 22, 2021)
- Endovia Health Sciences, Inc. Fort Lauderdale, Florida
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Endovia Health Sciences, 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $52.9K3 Dec 31, 2025 | $52.9K3 Dec 31, 2024 | 0% |
| Accumulated depreciation | $40.0K3 Dec 31, 2025 | $30.7K3 Dec 31, 2024 | +30.3% |
| Property and equipment, net | $12.9K3 Dec 31, 2025 | $22.2K3 Dec 31, 2024 | −41.8% |
| Operating-lease assets (leased space) | $48.0K3 Dec 31, 2025 | $351.3K3 Dec 31, 2024 | −86.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $281.4K3 Dec 31, 2025 | $13.8K3 Dec 31, 2024 | +1941.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $6.0M3 Dec 31, 2025 | $6.0M8 Dec 31, 2024 | 0% |
| Accumulated amortization | $1.7M3 Dec 31, 2025 | $1.7M8 Dec 31, 2024 | 0% |
Inventory
Properties, in its own words
We do not maintain a physical office. The address listed in this Report is a PO Box which receives our mail.
Item 2 of the 10-K filed Apr 15, 2026.12
Leadership
Who has led Endovia Health Sciences, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerBrady James Cobb Jun 10, 2026 to now13
- Chief executive officerRobert Nistico Apr 9, 2020 to Jun 10, 202614
- Chief executive officerHeather Kearns Jul 10, 2019 to Jul 10, 201915
- Chief executive officerMichael J. West Apr 10, 2014 to Apr 10, 201416
- ChairRobert Nistico Apr 9, 2020 to now14
- PresidentWilliam R. Meissner Apr 19, 2022 to now17
- PresidentRobert Nistico Apr 9, 2020 to Mar 31, 202214
- PresidentMichael J. West Apr 10, 2014 to Apr 10, 201416
- Chief financial officerWilliam T. Devereux Oct 10, 2025 to now18
- Chief financial officerStacy B. McLaughlin Feb 26, 2024 to Feb 26, 202419
- Chief financial officerJulius Paul Ivancsits May 6, 2024 to May 6, 202420
- Chief financial officerFatima Dhalla Feb 28, 2022 to Oct 16, 202321
- Chief financial officerRonald Charles Wall Apr 25, 2022 to Aug 3, 202322
- Chief financial officerDean Scott Huge Apr 9, 2020 to Oct 19, 202023
- Chief financial officerStephen H. West Apr 9, 2014 to Apr 9, 201424
- Chief operating officerMichael Breen Bondurant Jun 15, 2026 to now25
Board members and other officers (13)
- SecretaryJustin W. Yorke Apr 10, 2020 to Apr 10, 202026
- Board memberBrady James Cobb Feb 24, 2026 to now27
- Board memberKnuettel Francis Ii. Apr 30, 2026 to now28
- Board memberThomas Butler Fore Oct 31, 2025 to now29
- Board memberJohn Kenneth Paglia Mar 7, 2024 to Mar 7, 202430
- Board memberFrederick William Caple May 19, 2023 to now31
- Board memberCandace Crawford Jun 4, 2021 to May 15, 202332
- Board memberJustin W. Yorke Apr 10, 2020 to now26
- Board memberPeter J. McDonough Oct 15, 2020 to May 15, 202333
- Board memberMichael Thomas Long Jul 25, 2019 to Jul 25, 201934
- Board memberJohn Matthias Lepo Jul 31, 2019 to Jul 31, 201935
- Board memberStephen H. West Apr 9, 2014 to Apr 9, 201424
- Board memberMichael J. West Apr 10, 2014 to Jul 12, 201916
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
- Oct 15, 20268-K Entered a material agreement37
- Oct 6, 20268-K Unregistered sale of shares38
- Oct 5, 20268-K Regulation FD disclosure39
- Sep 24, 20268-K Entered a material agreement; Unregistered sale of shares40
- Sep 22, 20268-K Regulation FD disclosure41
- Aug 31, 20268-K Regulation FD disclosure42
- Aug 28, 20268-K Unregistered sale of shares43
- Aug 26, 20268-K Entered a material agreement44
- Aug 25, 20268-K Regulation FD disclosure45
- Aug 21, 20268-K Regulation FD disclosure46
- Aug 20, 20268-K Results of operations47
- Aug 12, 20268-K Regulation FD disclosure48
- Jun 10, 2026New chief executive Brady James Cobb becomes CEO13
- Apr 9, 2020New chief executive Robert Nistico becomes CEO14
- Jul 10, 2019New chief executive Heather Kearns becomes CEO15
- Apr 10, 2014New chief executive Michael J. West becomes CEO16
Calendar
Coming up
- Nov 18, 2026Reports results for the quarter ending Sep/202649
When it reported results
- Aug 20, 2026Reported quarterly or annual results47
- Aug 16, 2023Reported quarterly or annual results50
- Nov 17, 2022Reported quarterly or annual results51
- Aug 16, 2022Reported quarterly or annual results52
- May 17, 2022Reported quarterly or annual results53
- Apr 1, 2022Reported quarterly or annual results54
- Nov 17, 2021Reported quarterly or annual results55
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
252 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 99 major events, 49 insider forms, 11 large holders, 5 private raises, 67 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Oct 8, 2026DEFA14A EDGAR
- Oct 6, 20268-K EDGAR
- Oct 5, 2026DEF 14A EDGAR
- Oct 5, 20268-K EDGAR
- Sep 24, 20268-K EDGAR
- Sep 23, 2026PRE 14A EDGAR
- Sep 22, 20268-K EDGAR
- Sep 18, 2026PRE 14A EDGAR
- Aug 31, 20268-K EDGAR
- Aug 28, 20268-K EDGAR
- Aug 28, 2026424B3 EDGAR
- Aug 26, 20268-K EDGAR
- Aug 25, 20268-K EDGAR
- Aug 24, 2026EFFECT EDGAR
- Aug 21, 20268-K EDGAR
- Aug 20, 2026S-1/A FORM S-1/A1 EDGAR
- Aug 20, 20268-K EDGAR
- Aug 19, 202610-Q EDGAR
- Aug 17, 2026NT 10-Q EDGAR
The 252 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
8 open-market trades by officers, directors and large owners since October 2021: 8 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 16, 2023 | Nistico RobertCEO and Chairman | Buy | 7,000 | $1.01 | $7.1K | Form 4 |
| Apr 14, 2023 | Nistico RobertCEO and Chairman | Buy | 12,000 | $1.15 | $13.8K | Form 4 |
| Apr 13, 2023 | Nistico RobertCEO and Chairman | Buy | 17,000 | $1.17 | $19.9K | Form 4 |
| Jun 16, 2022 | Nistico RobertCEO and Chairman | Buy | 3,000 | $1.68 | $5.0K | Form 4 |
| Jun 15, 2022 | Nistico RobertCEO and Chairman | Buy | 1,000 | $1.83 | $1.8K | Form 4 |
| Jun 3, 2022 | Nistico RobertCEO and Chairman | Buy | 2,000 | $2.06 | $4.1K | Form 4 |
| May 27, 2022 | Nistico RobertCEO and Chairman | Buy | 4,000 | $2.08 | $8.3K | Form 4 |
| May 26, 2022 | Nistico RobertCEO and Chairman | Buy | 7,000 | $1.96 | $13.7K | Form 4 |
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.
- Aida AragonSCHEDULE 13G, 1 filing Nov 6, 202556
- Magdalene TongSCHEDULE 13G, 1 filing Oct 31, 202557
- Thomas Butler ForeSCHEDULE 13D, 1 filing Oct 31, 202558
- Robert NisticoSCHEDULE 13D, 1 filing Oct 27, 202559
- Frederick William CapleSCHEDULE 13D, 1 filing Oct 21, 202560
- Justin W. YorkeSCHEDULE 13D, 2 filings Apr 20, 2022 to Oct 21, 202561
- William R. MeissnerSCHEDULE 13D, 1 filing Oct 21, 202562
- William T. DevereuxSCHEDULE 13D, 1 filing Oct 21, 202563
- L K Family Limited PartnershipSC 13G/A, 2 filings Nov 22, 2021 to Nov 16, 202264
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | William DevereuxFormer CFO | $281.3K | $2.2M65 | |
| 2025 | William MeissnerFormer President | $319.5K | $1.6M65 | |
| 2025 | Robert NisticoFormer Chief Executive Officer and Director | $312.4K | $1.6M65 | |
| 2024 | Robert NisticoFormer Chief Executive Officer and Director | $324.8K | $734.6K65 | |
| 2024 | William MeissnerFormer President | $324.8K | $581.5K65 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Jun 25, 2025Raised $33.3 million in a private offering of equity Form D: $36.2 million offered in all Form D
- Aug 22, 2024Raised $600,000 in a private offering of securities Form D: 2 investors so far Form D
- May 1, 2024Raised $1.9 million in a private offering of securities Form D: 3 investors so far Form D
- Oct 5, 2023Raised $1.2 million in a private offering of securities Form D: 3 investors so far Form D
- Dec 27, 2022Raised $4 million in a private offering of equity Form D: 8 investors so far 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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Harbour Investments, Inc. | 470 | $73 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Endovia Health Sciences, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREndovia Health Sciences, Inc.1
- CIK0001553788
- Employer ID (EIN)34-172007512
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company12
- Incorporated inNevada12
- Fiscal year endsDecember 311
- Industry code (SIC)2080 Beverages1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address1112 N Flagler Drive, Fort Lauderdale, FL 333041
- Phone(954) 648-72381
- Shares outstanding6,412,521 as of Aug 19, 202610
- Public float$6.5M as of Jun 30, 202512
- AuditorRose, Snyder & Jacobs LLP, Encino, CA PCAOB ID 468; no auditor attestation of internal control over financial reporting12
- On EDGAR sinceJul 12, 20121
- Filings425 in all: 8-K (130), 10-Q (41), 4 (40), 3 (25), CORRESP (18), UPLOAD (17), 10-K (14), NT 10-Q (14)1
All 41 form types
D (12), DEF 14A (9), PRE 14A (9), 424B3 (8), 8-K/A (8), EFFECT (8), S-1 (8), S-1/A (8), SCHEDULE 13D (6), NT 10-K (5), 10-Q/A (4), 424B5 (4), 10-K/A (3), DEF 14C (3), PRE 14C (3), DEFA14A (2), DEFR14A (2), DRS (2), PRER14A (2), RW (2), S-3 (2), S-8 (2), SC 13D (2), SC 14F1 (2), SCHEDULE 13G (2), 25-NSE (1), 424B4 (1), 8-A12B (1), 8-A12G (1), CERT (1), SC 13D/A (1), SC 13G (1), SC 13G/A (1)
- Latest filingsAnnual report (10-K) Apr 15, 2026
Quarterly report (10-Q) Aug 19, 2026
Proxy statement (DEF 14A) Oct 5, 2026
Latest 8-K (8-K) Oct 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value per share | SBEV | NYSE |
From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).12
Risk factors and legal proceedings
The risks Endovia Health Sciences, Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 42 risks under these headings, as written.12
- RISKS RELATED TO OUR BUSINESS
- Risks Related to our Financial Condition
- Our auditors have included an explanatory paragraph in their opinion regarding our ability to continue as a going concern. If we are unable to continue as a going concern, our stockholders will lose all or some of their investments.
- Because we lack the required $6 million of minimum stockholders’ equity currently as well at December 31, 2025, our Common Stock may be delisted by the NYSE American.
- Because we lack the capital to acquire inventory and market our products, we have generated no revenue in 2025 after the three months ended March 31, 2025, making our ability to remain in operation more difficult, and there are substantial doubts as to our ability to continue as a going concern.
- We have experienced recurring losses from operations and negative cash flows from operating activities and anticipate that we will continue to incur significant operating losses before reaching profitability.
- We may become subject to litigation in connection with our cancellation of the Series C that we had previously issued under the Asset Purchase Agreement related to certain water assets.
- Risks Related to our Business
- If we are unable to enter into a definitive agreement and close an acquisition of Medterra following our entry into a non-binding Letter of Intent on March 4, 2026 as described elsewhere in this Report, the Company and its stockholders will not receive the anticipated and intended benefits of such acquisition, and the Company would be forced to pursue alternative acquisitions or strategic transactions.
- Our strategic initiatives including acquisitions and divestitures may not be successful and may divert our management’s attention away from operations, and could create general customer uncertainty.
- If we fail to successfully integrate acquired assets or businesses, or if integrated, failure to further the Company’s business strategy, may result in the Company’s inability to realize any benefit from such acquisition or other adverse consequences.
- Demand for our products may be adversely affected by changes in consumer preferences or any inability on our part to innovate, market or distribute our products effectively, and any significant reduction in demand could adversely affect our business, financial condition or results of operations.
The other 33 risks
- Volatility in the price or availability of the inputs we depend on, including raw materials, packaging, energy and labor, could adversely impact our financial results.
- International trade developments, including tariffs and geopolitical conflicts, could adversely impact our business.
- Our business, operations, financial position and timelines, could be materially adversely affected by government action and geopolitical conflicts.
- We compete in an industry that is brand-conscious, so brand name recognition and acceptance of our products are critical to our success.
- Our brands and brand images are keys to our business and any inability to maintain a positive brand image could have a material adverse effect on our results of operations.
- Competition from traditional and large, well-financed non-alcoholic and alcoholic beverage manufacturers may adversely affect our distribution relationships and may hinder development of our existing markets, as well as prevent us from expanding our markets.
- Our reliance on distributors, retailers and brokers could affect our ability to efficiently and profitably distribute and market our products, maintain our existing markets and expand our business into other geographic markets.
- It is difficult to predict the timing and amount of our sales because our distributors are not required to place minimum orders with us.
- If we do not adequately manage our inventory levels, our operating results could be adversely affected.
- If we fail to maintain relationships with our independent contract manufacturers, our business could be harmed.
- If we experience disruption within our supply chain, manufacturing or distribution channels, it could have an adverse effect on our business, financial condition and results of operations.
- We expect to rely upon our ongoing relationships with our key flavor suppliers. If we are unable to source our flavors on acceptable terms from our key suppliers, we could suffer disruptions in our business.
- We are dependent on a distiller in Mexico to provide us with our finished tequila product. Failure to obtain satisfactory performance from them or a loss of their services could cause us to lose future sales, incur additional costs, and lose credibility in the marketplace.
- If we are unable to attract and retain key personnel, our efficiency and operations would be adversely affected; in addition, management turnover causes uncertainties and could harm our business.
- If we fail to protect our trademarks and trade secrets, we may be unable to successfully market our products and compete effectively.
- If we encounter product recalls or other product quality issues, our business may suffer.
- Because our business is subject to many regulations, noncompliance is costly.
- Government regulations, any changes thereto and/or any failure by us to comply with these regulations, could adversely affect our business, financial condition and results of operations.
- We will be exposed to product liability or other related liabilities which could have significant negative financial repercussions on our solvency.
- We could face issues including the risk of contamination of our products and/or counterfeit or confusingly similar products.
- Significant additional labeling or warning requirements may inhibit sales of affected products.
- If we are subject to litigation, we may incur significant liabilities and litigation expenses.
- We are subject to risks inherent in sales of products in international markets.
- Our business and operations would be adversely impacted in the event of a failure or interruption of our information technology infrastructure or as a result of a cybersecurity attack.
- If we fail to comply with personal data protection and privacy laws, we could be subject to adverse publicity, government enforcement actions and/or private litigation, which could negatively affect our business and operating results.
- Our results of operations may fluctuate from quarter to quarter for many reasons, including seasonality.
- Material weaknesses in our internal control over financial reporting may cause us to fail to timely and accurately report our financial results or result in a material misstatement of our consolidated financial statements.
- Risks Related to our Securities and Other Risks
- Future sales of Common Stock, or the perception of such future sales, by some of our existing stockholders could cause our stock price to decline.
- We have issued multiple classes of preferred stock and other securities of the Company that will result in dilution to existing stockholders upon their conversion and exercise.
- The market price of our Common Stock has been volatile and may continue to be volatile.
- Our Common Stock could be further diluted as the result of the issuance of additional Common Stock, convertible securities, warrants or options.
- We incur significant additional costs as a result of being a public company, and our management is required to devote substantial time to compliance with our public company responsibilities and corporate governance practices.
- Our Board of Directors may issue and fix the terms of shares of our preferred stock without stockholder approval, which could adversely affect the voting power of holders of our Common Stock or any change in control of our Company.
Legal proceedings
From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties and an adverse result in these or other matters may arise from time to time that may harm our business. Except for the litigation disclosed below, we are not currently a party to any legal or arbitration proceeding the outcome of which, if ‘determined adversely to us, would individually or in the aggregate be reasonably expected to have a material adverse effect on our business, operating results, cash flows, or financial condition.
On August 14, 2024, TapouT, LLC, (“TapouT”), filed a Complaint against the Company in the Supreme Count of New York for New York County (the “Court”). The Complaint pertains to breach of a certain Licensing Agreement dated December 8, 2011, under which the Company became a successor in interest on July 1, 2013, pursuant to an amendment to the Licensing Agreement.
The opening of Item 3, Legal Proceedings.12
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARWilliam R. Meissner, President
- 18
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- 26SEC EDGARJustin W. Yorke, Secretary
- 27SEC EDGARBrady James Cobb, Board member
- 28SEC EDGARKnuettel Francis Ii., Board member
- 29SEC EDGARThomas Butler Fore, Board member
- 30SEC EDGARJohn Kenneth Paglia, Board member
- 31
- 32SEC EDGARCandace Crawford, Board member
- 33SEC EDGARPeter J. McDonough, Board member
- 34SEC EDGARMichael Thomas Long, Board member
- 35SEC EDGARJohn Matthias Lepo, Board member
- 36
- 37SEC EDGAREntered a material agreement
- 38SEC EDGARUnregistered sale of shares
- 39SEC EDGARRegulation FD disclosure
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- 41SEC EDGARRegulation FD disclosure
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- 49NasdaqNasdaq calendar
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