DSGT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2023-08-29

• The Company reports four operating segments, GPS Devices, Golf Carts, Electric Vehicles and Administrative.

• In this segment revenue is recognized for sales of the Tag system hardware either by direct sales to those customers who purchase or lease our TAG system hardware, rental of the units, and monthly service fees paid by all customers for the wireless data fee charges required to operate the GPS tracki…

• Golf Cart Sales Revenue consists of the sales price paid by the customers who purchase our Vantage and licensed Shelby golf carts.

• Electric fleet sales revenue is a new source of revenue which consists primarily of wholesale distribution sales of our electronic fleet including vehicles, e-bikes and e-scooters. Golf cart sales are also included within this source of revenue.

• Expenses related to the overall operations of the Company not associated with a specific revenue segment

Text removed vs the prior filing · source: 10-Q · 2023-07-13

• The number of electric vehicles (EVs) on U.S. roads is projected to reach 18.7 million in 2030, up from 1 million at the end of 2018. This is about 7% of the 259 million vehicles (cars and light trucks) expected to be on U.S. roads in 2030. EV sales in the United States were up 79% in 2018 while glo…

• Sales for 2018 were over 150% higher than 2017 and saw more EVs sold across the country in 2018 than in the previous three years combined. Nearly 3% of all new vehicles are electric, a higher rate than in the United States.

• USB outlets. 4 x on-dash USB jacks 10” Alloy wheels with ProTour or radial tires

• Systems Sales Revenue, which consists of the sales price paid by those customers who purchase our TAG system hardware lease our TAG system hardware.

• Monthly Service Fees are paid by all customers for the wireless data fee charges required to operate the GPS tracking on the TAG systems.

Text removed vs the prior filing · source: 10-Q · 2023-07-13

• On May 24, 2017, the Company received a notice of default from Coastal Investment Partners LLC (“Coastal”), on three 8% convertible promissory notes issued by the Company in aggregate principal amount of $261,389 and commenced a lawsuit on June 12, 2017 in the United States District Court, Southern …

• On October 10, 2017, a vendor filed a complaint for Breach of Contract with Superior Court of the State of California. The Complainant is alleging that it is contractually owed 1,848,130 shares of the Company’s common stock and is seeking damages of $270,000. In addition, a related vendor filed in t…

Text removed vs the prior filing · source: 10-Q · 2023-07-13

• The impact of the novel coronavirus (COVID-19) pandemic on the global economy and our operations remains uncertain, which could have a material adverse impact on our business, results of operations and financial condition and on the market price of our common shares.

• In December 2019, a strain of novel coronavirus (now commonly known as COVID-19) was reported to have surfaced in Wuhan, China. COVID-19 has since spread rapidly throughout many countries, and, on March 11, 2020, the World Health Organization declared COVID-19 to be a pandemic. In an effort to conta…