SMID 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-06-10

• while we have special barrier projects that can occur at any time that may have a significant positive effect on revenues and operating income, including the significant special barrier projects that occurred in both the first quarter and the second quarter of 2025, there can be no assurance of thes…

• while our cash increased as of March 31, 2026 from December 31, 2025, reflecting higher cash flows from operating activities, there can be no assurance that the Company’s cash will continue to increase or not be reduced in the future,

• we have a significant amount of accounts receivables which has increased during 2026 as compared to the ending balance as of December 31, 2025, and our ability to fully collect these balances cannot be assured,

• cybersecurity incidents could disrupt business operations, result in the loss of critical and confidential information and adversely impact our reputation and results of operations; in this respect, we experienced a ransomware incident in the first quarter of 2025 for which no ransomware payment was…

• There is a need for the continued availability of adequate staffing for financial reporting and internal controls. The Company had a gap in hiring a Chief Financial Officer from July 17, 2024 to April 16, 2025 and experienced the resignation of the Accounting Manager in February 2026 which, although…

相对上期删除的文字 · 来源:10-Q · 2025-11-14

• while the Company had net income for the three and nine month periods ended September 30, 2025 and the years ended December 31, 2024 and 2023 there are no assurances that the Company can remain profitable in future periods; in line with this risk, the Company incurred a loss from operations for the …

• while we have special barrier projects that can occur at any time that may have a significant positive effect on revenues and operating income, including the significant special barrier projects that occurred in both the first quarter and the second quarter of 2025 and third quarter of 2024, there c…

• we have a substantial amount of debt and our ability to satisfy and meet our debt obligations cannot be assured,

• while our cash increased during the third quarter of 2025 from December 31, 2024, reflecting the higher cashflows from operating activities, there can be no assurance that the Company’s cash will continue to increase or not be reduced in the future,

• we have a significant amount of accounts receivables which has increased during the third quarter of 2025 as compared to the ending balance as of December 2024, and our ability to fully collect these balances cannot be assured,

相对上期新增的文字 · 来源:10-Q · 2026-06-10

• As a result of these material weaknesses, the Company’s management has concluded that, as of March 31, 2026 the Company’s internal control over financial reporting was not effective based on the criteria in Internal Control – Integrated Framework (2013) issued by the COSO.

• Management communicated the results of its assessment to the Audit Committee of the Board of Directors.

• Management, with oversight from the Audit Committee and Board of Directors, is committed to the remediation of the material weaknesses described above. The Company has continued to implement measures to improve the internal control structure. Specifically, the Company has taken steps to address the …

• hiring, and continuing to hire, additional accounting and information technology personnel to establish effective processes and controls, including establishing appropriate segregation of duties,

• developed formal accounting policies, procedures and controls related to the period-end financial reporting process including designing and maintaining controls over account reconciliations, journal entries, and financial reporting and disclosures; and

相对上期删除的文字 · 来源:10-Q · 2025-11-14

• Management, with oversight from the Audit Committee and Board of Directors, is committed to the remediation of the material weaknesses described above. The Company has continued to implement measures to improve the internal control structure. Specifically, the Company has hired a Chief Financial Off…

• Actively pursuing the hiring of additional finance and accounting personnel with adequate knowledge and experience in key financial reporting and internal control areas;

• Designing and implementing new entity-level controls with greater alignment to the COSO 2013 Internal Controls Framework;

• Developing a training program and educating control owners concerning the principles of the Internal Control – Integrated Framework (2013) issued by COSO;

• Implementing a risk assessment process by which management identifies risks of misstatement related to all account balances;