Risk Factors Dashboard
Once a year, publicly traded companies issue a comprehensive report of their business, called a 10-K. A component mandated in the 10-K is the ‘Risk Factors’ section, where companies disclose any major potential risks that they may face. This dashboard highlights all major changes and additions in new 10K reports, allowing investors to quickly identify new potential risks and opportunities.
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Risk Factors - ASFT
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As a smaller reporting company, as defined by Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Item 10(f)(1) of Regulation S-K, the Company has elected to comply with certain scaled disclosure reporting obligations, and, therefore, are not required to provide the information required by this item.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 1C. CYBERSECURITY
The Company’s approach to cybersecurity is based on the nature of its operations, its size and its available resources. As of the date of this Annual Report, the Company has not adopted a standalone written cybersecurity risk management program and does not maintain a dedicated internal information security team. Instead, the Company manages cybersecurity risks through management oversight, use of standard security features provided by third-party service providers, account access controls, software updates, periodic backups and engagement of outside technology service providers on an as-needed basis.
The Company relies on
The Company’s President and Chief Executive Officer, who also serves as its principal financial officer, is
The Board of Directors oversees risks from cybersecurity threats as part of its broader oversight of the Company’s business and operational risks. Because the Company currently has a single-member Board and no separate committees, the full Board retains direct oversight of cybersecurity matters.
As of the date of this Annual Report, the Company is not aware of any cybersecurity incident that has
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