Item 8.01 Other Events.
SEC Order for Reporting Relief
The Company communicated with its auditor regarding relying on the Order prior
to the Report original filing deadline of
In light of the current COVID-19 pandemic, the Company will be including the following risk factors in its Report.
The outbreak of the coronavirus (COVID-19) has negatively impacted and could continue to negatively impact the global economy. In addition, the COVID-19 outbreak could disrupt or otherwise negatively impact global credit markets and our operations, including the demand for our products and our ability and the ability of our third-party contract manufacturers to manufacture and deliver our products.
The COVID-19 outbreak has negatively impacted and could continue to negatively impact the global economy. In addition, the global and regional impact of the outbreak, including official or unofficial quarantines and governmental restrictions on activities taken in response to such event, could limit our ability and the ability of our third party manufacturers to manufacture and deliver our products, which would have a material adverse impact on our business, financial condition, results of operations and cash flows. The impact of the COVID-19 outbreak could include voluntary or mandatory closures of our facilities, interruptions in our supply chain, which could impact the cost or availability of products, restrictions on our ability to deliver our products, closures of our retail locations and labor shortages. The COVID-19 outbreak could result in reduced consumer demand for our products due to reduced consumer traffic in locations where our products are sold. The COVID-19 outbreak could disrupt or otherwise negatively impact credit markets, which could adversely affect the availability and cost of capital. Such impacts could limit our ability to fund our operations and satisfy our obligations. The extent and potential short and long term impact of the COVID-19 outbreak on our operational and financial performance will depend on future developments, including the duration, severity and spread of the virus, actions that may be taken by governmental authorities and the impact on our supply chain, operations, workforce and the financial markets, all of which are highly uncertain and cannot be predicted.
The occurrence of the COVID-19 pandemic may negatively affect our ability to
meet our filing obligations with the
A pandemic typically results in social distancing, travel bans and quarantine,
and this may limit access to our facilities, customers, management, support
staff, professional advisors and our independent auditors. These factors, in
turn, may not only impact our operations, financial condition and demand for our
goods and services but our overall ability to react timely to mitigate the
impact of this event. Also, it may hamper our efforts to comply with our filing
obligations with the
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