ITEM 8.01 OTHER EVENTS.
In accordance with the order (the "Order") promulgated by the
The Company is supplementing the risk factors explaining the impact of COVID-19 on its business:
We are susceptible to general economic conditions, natural catastrophic events and public health crises which could adversely affect our operating results.
Our operating results will be subject to fluctuations based on general economic conditions. Deterioration in economic conditions could cause decreases in both retail and wholesale trade volume and reduce and/or negatively impact our short-term ability to grow our revenues. Further, any decreased collectability of accounts receivable or early termination of agreements due to deterioration in economic conditions could negatively impact our results of operations.
Furthermore, our business is subject to the impact of natural catastrophic
events such as earthquakes, floods or power outages, political crises such as
terrorism or war, and public health crises, such as disease outbreaks,
epidemics, or pandemics in the
Forward-Looking Statements
Statements in this Current Report on Form 8-K are "forward-looking statements" as the term is defined under applicable securities laws. These statements include the anticipated timing of the filing of Company's quarterly and annual statements under the Exchange Act; the expected impact of the COVID-19 virus outbreak on the Company's financial reporting capabilities and its operations generally and the potential impact of such virus on the Company's customers, distribution partners, advertisers and production facilities and other third parties. These and other forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks and uncertainties are, in many instances, beyond the Company's control. Forward-looking statements, which are presented as of the date of this filing, will not be updated to reflect events or circumstances after the date of this statement except as required by law.
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