Overview
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- TickerWFCF on Nasdaq1
- IndustryServices-Prepackaged Software1
- HeadquartersCastle Rock, Colorado1
- Business address202 6Th Street, Suite 400, Castle Rock, Co 801042
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Natural and organic sales are only part of the story of how consumers look for the verification of practices tied to food labeling claims.3 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 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Verification and Certification Service Revenue brought in 81% of the revenue Where Food Comes From, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Verification and Certification Service Revenue | $20.6M | $20.1M |
| Product | $3.8M | $3.6M |
| Professional Services | $1.4M | $1.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue59¢$15.4M
- Selling, general and admin32¢$8.3M
- Interest0¢$3.0K
- Income tax3¢$693.0K
- Profit6¢$1.5M
Out of $24.9M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending7¢$155.0K
- Share buybacks93¢$2.2M
Out of $1.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenues | $24.9M | $25.7M |
| Total costs of revenues | $15.4M | $15.2M |
| Gross profit | $9.5M | $10.6M |
| Selling, general and administrative expenses | $8.3M | $8.4M |
| Income from operations | $1.2M | $2.2M |
| Dividend income | $100.0K | $400.0K |
| Interest income | $24.0K | $35.0K |
| Gain on sale of assets | $946.0K | $1.0K |
| Fair market value (loss) / gain on digital assets | -$41.0K | $345.0K |
| Loss on foreign currency exchange | -$3.0K | -$5.0K |
| Interest expense | -$3.0K | -$4.0K |
| Income before income taxes | $2.2M | $3.0M |
| Income tax expense | $693.0K | $859.0K |
| Net income | $1.5M | $2.1M |
| Basic | $0.30 | $0.40 |
| Diluted | $0.30 | $0.40 |
| Basic | 5.2M shares | 5.3M shares |
| Diluted | 5.2M shares | 5.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-04-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $3.2M | $2.0M | ||
| Accounts receivable, net of allowance | $1.7M | $1.8M | ||
| Inventory | $792.0K | $1.0M | ||
| Prepaid expenses and other current assets | $605.0K | $705.0K | ||
| Total current assets | $6.3M | $5.5M | ||
| Property and equipment, net | $648.0K | $737.0K | ||
| Right-of-use assets, net | $498.0K | $2.1M | ||
| Equity investments | $200.0K | $1.2M | ||
| Intangible and other assets, net | $1.4M | $1.8M | ||
| Digital assets | $613.0K | $654.0K | $309.0K | |
| Goodwill, net | $2.9M | $2.9M | ||
| Deferred tax assets, net | $299.0K | $356.0K | ||
| Total assets | $12.9M | $15.3M | ||
| Accounts payable | $451.0K | $468.0K | ||
| Accrued expenses and other current liabilities | $655.0K | $611.0K | ||
| Deferred revenue | $1.5M | $1.7M | $1.5M | |
| Current portion of finance lease obligations | $12.0K | $15.0K | ||
| Current portion of operating lease obligations | $422.0K | $337.0K | ||
| Total current liabilities | $3.1M | $3.2M | ||
| Finance lease obligations, net of current portion | $13.0K | $25.0K | ||
| Operating lease obligation, net of current portion | $496.0K | $2.2M | ||
| Total liabilities | $3.6M | $5.4M | ||
| Common stock, $0.001 par value; 95,000 shares authorized; 5,211 (2025) and 6,449 (2024) shares issued, and 5,059 (2025) and 5,242 (2024) shares outstanding | $5.0K | $7.0K | ||
| Additional paid-in-capital | $23.0K | $11.4M | ||
| Treasury stock of 152 (2025) and 1,206 (2024) shares | -$1.8M | -$13.5M | ||
| Retained earnings | $11.1M | $2.4M | $12.0M | |
| Total equity | $9.3M | $9.9M | $10.8M | |
| Total liabilities and stockholders equity | $12.9M | $15.3M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 95.0M shares | 95.0M shares | ||
| Common stock, shares issued | 5.2M shares | 6.4M shares | ||
| Common stock, shares outstanding | 5.1M shares | 5.2M shares | ||
| Treasury stock, shares | 152.0K shares | 1.2M shares |
| Period ending | 2025-12-31 | 2025-04-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $3.2M | $2.0M | ||
| Accounts receivable, net of allowance | $1.7M | $1.8M | ||
| Inventory | $792.0K | $1.0M | ||
| Prepaid expenses and other current assets | $605.0K | $705.0K | ||
| Total current assets | $6.3M | $5.5M | ||
| Property and equipment, net | $648.0K | $737.0K | ||
| Right-of-use assets, net | $498.0K | $2.1M | ||
| Equity investments | $200.0K | $1.2M | ||
| Intangible and other assets, net | $1.4M | $1.8M | ||
| Digital assets | $613.0K | $654.0K | $309.0K | |
| Goodwill, net | $2.9M | $2.9M | ||
| Deferred tax assets, net | $299.0K | $356.0K | ||
| Total assets | $12.9M | $15.3M | ||
| Accounts payable | $451.0K | $468.0K | ||
| Accrued expenses and other current liabilities | $655.0K | $611.0K | ||
| Deferred revenue | $1.5M | $1.7M | $1.5M | |
| Current portion of finance lease obligations | $12.0K | $15.0K | ||
| Current portion of operating lease obligations | $422.0K | $337.0K | ||
| Total current liabilities | $3.1M | $3.2M | ||
| Finance lease obligations, net of current portion | $13.0K | $25.0K | ||
| Operating lease obligation, net of current portion | $496.0K | $2.2M | ||
| Total liabilities | $3.6M | $5.4M | ||
| Common stock, $0.001 par value; 95,000 shares authorized; 5,211 (2025) and 6,449 (2024) shares issued, and 5,059 (2025) and 5,242 (2024) shares outstanding | $5.0K | $7.0K | ||
| Additional paid-in-capital | $23.0K | $11.4M | ||
| Treasury stock of 152 (2025) and 1,206 (2024) shares | -$1.8M | -$13.5M | ||
| Retained earnings | $11.1M | $2.4M | $12.0M | |
| Total equity | $9.3M | $9.9M | $10.8M | |
| Total liabilities and stockholders equity | $12.9M | $15.3M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 95.0M shares | 95.0M shares | ||
| Common stock, shares issued | 5.2M shares | 6.4M shares | ||
| Common stock, shares outstanding | 5.1M shares | 5.2M shares | ||
| Treasury stock, shares | 152.0K shares | 1.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $1.5M | $2.1M |
| Depreciation and amortization | $650.0K | $647.0K |
| Fair market value loss / (gain) on digital assets | $41.0K | -$345.0K |
| Rounding adjustment on treasury stock | -$1.0K | |
| Gain on sale of assets | -$946.0K | -$1.0K |
| Stock-based compensation expense | $23.0K | $34.0K |
| Deferred tax benefit | $56.0K | $90.0K |
| Bad debt expense | $57.0K | $48.0K |
| Accounts receivable | $91.0K | $254.0K |
| Inventory | $210.0K | $107.0K |
| Prepaid expenses and other assets | $100.0K | -$358.0K |
| Accounts payable | -$17.0K | -$99.0K |
| Accrued expenses and other current liabilities | $44.0K | -$4.0K |
| Deferred revenue | -$203.0K | $263.0K |
| Right of use assets and liabilities, net | -$34.0K | -$26.0K |
| Net cash provided by operating activities | $1.6M | $2.7M |
| Proceeds from sale of equity investment in Progressive Beef | $1.8M | |
| Purchases of property, equipment and software development costs | -$155.0K | -$159.0K |
| Net cash provided by / (used) in investing activities | $1.7M | -$159.0K |
| Repayments of finance lease obligations | -$15.0K | -$14.0K |
| Proceed from stock option exercise | $80.0K | $84.0K |
| Private purchase of common shares | -$1.0M | |
| Stock repurchase under Stock Buyback Plan | -$2.2M | -$2.2M |
| Net cash used in financing activities | -$2.1M | -$3.2M |
| Net change in cash | $1.2M | -$629.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Where Food Comes From, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Where Food Comes From, Inc.
- Yorkmont Capital Partners, LP Filed SCHEDULE 13D/A on Where Food Comes From, Inc., latest Jan 3, 2025 (4 filings since Jan 5, 2022)
- Where Food Comes From, Inc. Castle Rock, Colorado
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Where Food Comes From, 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 | $3.0M4 Dec 31, 2025 | $2.9M4 Dec 31, 2024 | +3.4% |
| Accumulated depreciation | $2.4M4 Dec 31, 2025 | $2.2M4 Dec 31, 2024 | +8.5% |
| Property and equipment, net | $648.0K4 Dec 31, 2025 | $737.0K4 Dec 31, 2024 | −12.1% |
| Operating-lease assets (leased space) | $477.0K4 Dec 31, 2025 | $2.0M4 Dec 31, 2024 | −76.5% |
Real estate and locations
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $3.2M4 Dec 31, 2025 | $2.0M4 Dec 31, 2024 | +59.0% |
| Long-term investments | $200.0K4 Dec 31, 2025 | $1.2M4 Dec 31, 2024 | −83.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $2.9M4 Dec 31, 2025 | $2.9M4 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $1.4M4 Dec 31, 2025 | $1.8M4 Dec 31, 2024 | −21.5% |
| Finite-lived intangibles, gross | $4.3M4 Dec 31, 2025 | $4.3M4 Dec 31, 2024 | 0% |
| Accumulated amortization | $2.9M4 Dec 31, 2025 | $2.5M4 Dec 31, 2024 | +15.7% |
| Finite-lived intangibles, net | $1.4M4 Dec 31, 2025 | $1.8M4 Dec 31, 2024 | −21.8% |
Inventory
Properties, in its own words
The Company leases approximately 15,700 square feet of office space for its corporate headquarters. Total rental payments are approximately $48,746 per month as of December 31, 2025, which includes common area charges, and are subject to annual increases over the term of the lease. The original lease agreement had an initial term of five years plus two renewal periods. The Company renegotiated the lease in November 2025 for an additional seventeen (17) month period, with the lease terminating December 31, 2027. This space was being leased from The Move, LLC, a company in which our CEO and President, each a related party to the Company, had a 24.3% jointly held ownership interest. In December 2025, The Move, LLC closed on the sale of 100% of its interest in the office space to an unrelated party.
In September 2017, the Company entered into a lease agreement for our Urbandale, Iowa office space. The lease was for a period of two years and expired on August 31, 2019. This lease was amended for a five (5) year renewal period, with the current extension terminating on August 31, 2030. Rental payments are approximately $3,721 per month as of December 31, 2025, which includes common area charges, and are not subject to annual increases over the term of the lease.
The rest of Item 2
In December 2018, the Company entered into a lease agreement in San Ramon, California for SureHarvest office space. In February 2024, the Company entered into a new lease agreement in Danville, CA for a period of thirty-one months, expiring September 30, 2026, with one option to extend the lease for another twenty-four months. Rental payments are approximately $2,904 per month as of December 31, 2025, which includes common area charges, and are subject to annual increases over the term of the lease.
The Company had office space in Victoria, British Columbia, Canada which was leased on a month-to-month basis and payments were approximately Canadian dollar 527 per month. The Company cancelled the lease in May 2025.
In December 2021, the Company entered into a lease agreement for the Medina, North Dakota office space. The lease is for sixty-one months and expires on December 31, 2026. Rental payments are approximately $1,000 per month, which includes common area charges, and are not subject to annual increases over the term of the lease.
Item 2 of the 10-K filed Feb 26, 2026.3
Leadership
Who has led Where Food Comes From, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerJohn K. Saunders Mar 14, 2014 to now12
- PresidentLeann Saunders Mar 14, 2014 to now13
- Chief financial officerDannette Henning Mar 11, 2014 to now14
- Chief operating officerLeann Saunders Dec 23, 2019 to now15
Board members and other officers (8)
- Board memberGraeme P. Rein May 11, 2016 to now16
- Board memberGary Chester Smith Mar 11, 2014 to Nov 12, 201917
- Board memberAdam Larson Mar 13, 2014 to now18
- Board memberPete Lapaseotes Mar 13, 2014 to now19
- Board memberRobert Vanschoick Mar 13, 2014 to May 27, 202020
- Board memberTom Heinen Mar 13, 2014 to now21
- Board memberJohn K. Saunders Mar 14, 2014 to now12
- Board memberLeann Saunders Mar 14, 2014 to now13
Former names
- Integrated Management Information, Inc.Apr 28, 2006 to Dec 5, 20122
Timeline
- Aug 10, 20268-K Results of operations22
- May 15, 20268-K Results of operations23
- Apr 10, 20268-K Shareholder vote24
- Feb 27, 20268-K Results of operations25
- Nov 14, 20258-K Results of operations26
- Aug 11, 20258-K Results of operations27
- Jul 23, 20258-K Entered a material agreement28
- May 12, 20258-K Results of operations29
- Apr 10, 20258-K Shareholder vote30
- Feb 24, 20258-K Results of operations31
- Nov 14, 20248-K Results of operations32
- Aug 15, 20248-K Change of auditor33
- Mar 14, 2014New chief executive John K. Saunders becomes CEO12
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/202634
When it reported results
- Aug 10, 2026Reported quarterly or annual results22
- May 15, 2026Reported quarterly or annual results23
- Feb 27, 2026Reported quarterly or annual results25
- Nov 14, 2025Reported quarterly or annual results26
- Aug 11, 2025Reported quarterly or annual results27
- May 12, 2025Reported quarterly or annual results29
- Feb 24, 2025Reported quarterly or annual results31
- Nov 14, 2024Reported quarterly or annual results32
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
124 filings to the SEC since October 2021: 9 annual reports, 16 quarterly reports, 29 major events, 55 insider forms, 4 large holders, 11 other. The latest 20:
- Sep 30, 2026EFFECT EDGAR
- Sep 25, 2026S-3/A EDGAR
- Sep 22, 2026S-3/A EDGAR
- Sep 18, 2026S-3/A EDGAR
- Sep 15, 202610-Q/A EDGAR
- Sep 9, 202610-K/A EDGAR
- Aug 10, 20268-K EDGAR
- Aug 6, 2026S-3 EDGAR
- Aug 6, 202610-Q EDGAR
- May 15, 20268-K EDGAR
- May 14, 202610-Q EDGAR
- Apr 10, 20268-K EDGAR
- Apr 6, 202610-K/A EDGAR
- Mar 6, 2026DEF 14A EDGAR
- Feb 27, 20268-K EDGAR
- Feb 27, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Feb 27, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Feb 27, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Feb 26, 202610-K EDGAR
- Dec 11, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
The 124 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 |
|---|---|---|---|---|---|---|
| May 19, 2025 | Saunders LeannCOO | Buy | 1,750 | $7.15 | $12.5K | Form 4 |
| May 19, 2025 | Saunders John KCEO | Buy | 1,750 | $7.15 | $12.5K | Form 4 |
| May 13, 2025 | Henning DannetteCFO | Buy | 1,750 | $7.15 | $12.5K | Form 4 |
| Jul 29, 2024 | Lapaseotes PeteDirector | Buy | 4,750 | $11.00 | $52.2K | Form 4 |
| Feb 20, 2024 | Lapaseotes PeteDirector | Buy | 500 | $12.90 | $6.5K | Form 4 |
| Jan 5, 2024 | Henning DannetteCFO | Buy | 750 | $7.40 | $5.5K | Form 4 |
| Dec 14, 2023 | Lapaseotes PeteDirector | Buy | 1,438 | $12.75 | $18.3K | Form 4 |
| May 30, 2023 | Henning DannetteCFO | Buy | 625 | $6.00 | $3.8K | 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.
- Yorkmont Capital Partners, LPSCHEDULE 13D/A, 4 filings Jan 5, 2022 to Jan 3, 202535
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- PPP loans $1.0M
Figures by year
| Year | PPP loans | Total |
|---|---|---|
| 2020 | $1.0M | $1.0M |
PPP loans
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA36. Matched to this company by name and state.
- Apr 8, 2020$1.0M PPP loan (first draw) from CrossFirst Bank36To WHERE FOOD COMES FROM, INC., Castle Rock CO; $1.0M forgiven Mar 5, 2021
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 |
|---|---|---|---|---|
| Sanctuary Advisors, LLC | 194,097 | $2.5M | 0.0% | No change |
| Vanguard Capital Management LLC | 152,849 | $1.9M | 0.0% | +4,554 |
| Bard Associates Inc | 58,459 | $760.6K | 0.2% | +400 |
| Osaic Holdings, Inc. | 53,150 | $691.5K | 0.0% | No change |
| Aristides Capital LLC | 32,655 | $424.8K | 0.1% | +100 |
| Cetera Investment Advisers | 25,470 | $331.4K | 0.0% | No change |
| Geode Capital Management, LLC | 23,842 | $295.8K | 0.0% | −3,004 |
| Vanguard Fiduciary Trust Co | 17,876 | $221.7K | 0.0% | −1,299 |
| Rogco, LP | 16,813 | $218.7K | 0.1% | No change |
| BlackRock, Inc. | 8,805 | $114.6K | 0.0% | +1,800 |
| UBS Group AG | 1,233 | $16.0K | 0.0% | +1,042 |
| Adirondack Trust Co | 700 | $9.1K | 0.0% | No change |
| Morgan Stanley | 500 | $6.5K | 0.0% | No change |
| 1620 Investment Advisors, Inc. | 225 | $2.9K | 0.0% | No change |
| SBI Securities Co., Ltd. | 12 | $156 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Where Food Comes From, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWhere Food Comes From, Inc.1
- CIK0001360565
- Employer ID (EIN)43-18028053
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inColorado3
- Fiscal year endsDecember 311
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address202 6Th Street, Suite 400, Castle Rock, CO 801041
- Phone(303) 895-30021
- Shares outstanding4,979,663 as of Jul 31, 202611
- Public float$27.6M as of Jun 30, 20253
- AuditorHaynie, Littleton, Colorado PCAOB ID 457; it also attests to the company’s internal control over financial reporting3
- On EDGAR sinceApr 28, 20061
- Filings401 in all: 8-K (122), 4 (104), 10-Q (56), DEF 14A (19), 10-K (18), 3 (10), SC 13D/A (9), 5 (8)1
All 33 form types
SB-2/A (6), 10-K/A (4), 10QSB (4), CORRESP (4), UPLOAD (4), 10-Q/A (3), S-3/A (3), S-8 (3), 10KSB (2), 4/A (2), 8-K/A (2), EFFECT (2), PRE 14A (2), REGDEX (2), SC 13G/A (2), 10QSB/A (1), 424B1 (1), 8-A12B (1), CERT (1), DEF 14C (1), S-3 (1), SB-2 (1), SC 13D (1), SC 13G (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Mar 6, 2026
Latest 8-K (8-K) Aug 10, 2026
Risk factors and legal proceedings
The risks Where Food Comes From, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 21 risks under these headings, as written.3
- We have been in a multi-year period of managing inflation and economic uncertainty
- Unfavorable global economic conditions, including any adverse macroeconomic conditions or geopolitical events, including the conflict between Ukraine and Russia, and the conflict between Israel and Hamas could adversely affect our business, financial condition, results of operations or liquidity.
- We face risks due to changing weather patterns and other environmental factors
- We operate in a competitive industry with a limited market characterized by changing technology, frequent introductions of new service offerings, service enhancements, and evolving industry standards.
- The success of our business model depends on the broad acceptance of our technologies into markets that are continuing to develop as a result of the increasing focus on sustainably produced foods, food safety and assurance.
- We face risks of rapidly changing regulations which may negatively impact our programs.
- Increased scrutiny and changing expectations from stakeholders with respect to the Company’s ESG practices may result in additional costs or risks.
- We face risks that parasites, highly contagious diseases or viral outbreaks may negatively impact the source of product we are able to verify and/or impact the efficiency in which we conduct ongoing business operations.
- In the event that market demand for third-party verified products declines, our customers may not be able to generate sufficient revenues to justify the purchase of our verification solutions and consulting services.
- We look for opportunities to expand our presence in international markets in which we may have limited experience, and inherently international operations are subject to increased risks which could harm our business, operating results and financial condition.
- Our business could suffer if we are unsuccessful in making, integrating, and maintaining our acquisitions and investments.
- Federal, state or local laws and regulations, or our failure to comply with such laws and regulations, could increase our expenses and expose us to legal risks.
The other 9 risks
- Our future success depends upon our ability to obtain and enforce patents; prevent others from infringing on our patents, trademarks and other intellectual property rights; and operate without infringing upon the patents and proprietary rights of others.
- A significant data breach or information technology system disruption could adversely affect our business, financial results, or reputation, and we may be required to increase our spending on data and system security.
- Our future success depends to a significant degree upon the continued service of key senior management personnel, in particular, John and Leann Saunders.
- Directors, executive officers, principal stockholders and affiliated entities beneficially own or control a significant amount of our outstanding common stock and together meaningfully influence our activities.
- We have not paid any regular cash dividends.
- Future sales of our securities in the public or private markets could adversely affect the trading price of our common stock and our ability to continue to raise funds in new stock offerings.
- Our common stock has traded in low volumes. We cannot predict whether an active trading market for our common stock will ever develop.
- Price and volume volatility of our publicly traded securities could adversely affect investors’ portfolios.
- As a public company, we are subject to complex legal and accounting requirements that require us to incur substantial expenses, and our financial controls and procedures may not be sufficient to ensure timely and reliable reporting of financial information, which, as a public company, could materially harm our stock price and listing on the NASDAQ marketplace.
Legal proceedings
From time to time, we may become involved in various legal actions, administrative proceedings and claims in the ordinary course of business. We generally record losses for claims in excess of the limits of purchased insurance in earnings at the time and to the extent they are probable and estimable.
There are currently no material pending proceedings against the Company.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13SEC EDGARLeann Saunders, President
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- 16SEC EDGARGraeme P. Rein, Board member
- 17SEC EDGARGary Chester Smith, Board member
- 18SEC EDGARAdam Larson, Board member
- 19SEC EDGARPete Lapaseotes, Board member
- 20SEC EDGARRobert Vanschoick, Board member
- 21SEC EDGARTom Heinen, Board member
- 22SEC EDGARResults of operations
- 23SEC EDGARResults of operations
- 24SEC EDGARShareholder vote
- 25SEC EDGARResults of operations
- 26SEC EDGARResults of operations
- 27SEC EDGARResults of operations
- 28SEC EDGAREntered a material agreement
- 29SEC EDGARResults of operations
- 30SEC EDGARShareholder vote
- 31SEC EDGARResults of operations
- 32SEC EDGARResults of operations
- 33SEC EDGARChange of auditor
- 34NasdaqNasdaq calendar
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