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.

Risk Factors - HFUS

-New additions in green
-Changes in blue
-Hover to see similar sentence in last filing

ITEM 1A. RISK FACTORS

As a “smaller reporting company” as defined by Item 8 of Regulation S-K, the Company is not required to provide information required by this Item.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 1C. CYBERSECURITY

Cybersecurity Risk Management and Strategy

The Company maintains a cybersecurity risk management framework designed to protect the confidentiality, integrity, and availability of its critical systems and information. The Company’s cybersecurity risk management is integrated into its overall enterprise risk management program and utilizes similar processes used to identify and address other business risks, including operational, legal, and financial risks.

Management periodically evaluates potential cybersecurity risks and implements measures intended to prevent, detect, and respond to potential incidents. These measures include system monitoring, employee cybersecurity awareness practices, and engagement of external information technology consultants, assessors, or service providers, as deemed necessary, to review and enhance security controls.

As of the date of this report, the Company has not identified any cybersecurity incidents or threats that have materially affected its operations, financial condition, or results of operations. However, the Company faces ongoing risks from potential cybersecurity threats that, if realized, could materially affect its business, results of operations, or financial condition.

Cybersecurity: Governance

The Board of Directors oversees the Company’s cybersecurity risk management activities as part of its overall risk oversight responsibilities. Management reports to the Board, as appropriate, on cybersecurity matters, including significant incidents (if any) and actions taken to enhance the Company’s cybersecurity program.

Management is responsible for implementing and monitoring the Company’s cybersecurity framework, assessing risks, coordinating incident response efforts, and maintaining policies and practices to mitigate cybersecurity risks. The Board is informed of material cybersecurity risks or incidents as they arise and reviews management’s responses and remediation activities.

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