LIVE Live Ventures Dashboard

Risks

• Our results of operations could fluctuate due to factors outside of our control.
• If we do not effectively manage our growth and business, our management, administrative, operational, and financial infrastructure and results of operations may be materially adversely affected.
• We may not be able to secure additional capital to expand our existing operations.
• We may not be able to adequately protect our intellectual property rights.
• We may be subject to intellectual property claims that create uncertainty about ownership or use of technology essential to our business and divert our managerial and other resources.
• Data breaches involving customer or employee data stored by us could adversely affect our reputation and revenues.
• Tax matters, including the changes in corporate tax rates, disagreements with taxing authorities and imposition of new taxes could impact our results of operations and financial condition.
• We are involved in an ongoing SEC investigation, which could divert management’s focus, result in substantial investigation expenses and have an adverse impact on our reputation, financial condition, results of operations and cash flows.
• We may not be able to identify, acquire or establish control of, or effectively integrate previously acquired businesses, which could materially adversely affect our growth.
• The acquisition of new businesses is costly and such acquisitions may not enhance our financial condition.
• Because we do not intend to use our own employees or members of management to run the daily operations at our acquired companies, business operations might be interrupted if employees at the acquired businesses were to resign.
• The video game industry is cyclical and affected by the introduction of next-generation consoles, two of which were released in Fall 2020. The introduction of these new consoles could negatively impact the demand for existing products or Vintage Stock’s pre-owned business.
• Technological advances in the delivery and types of video, video games and PC entertainment software, as well as changes in consumer behavior related to these new technologies, could lower Vintage Stock’s sales
• Vintage Stock may not compete effectively as browser, mobile and social video viewing and gaming becomes more popular.
• Sales of video games containing graphic violence may decrease as a result of actual violent events or other reasons, and Vintage Stock’s, and our, financial results may be adversely affected as a result.
• ApplianceSmart is subject to risks and uncertainties with respect to the actions and decisions of its creditors and other third parties who have interests in the Chapter 11 Case that may be inconsistent with ApplianceSmart’s plans.
• ApplianceSmart’s businesses could suffer from a long and protracted restructuring.
• Operating as a Debtor in Possession under Chapter 11 of the Bankruptcy Code may restrict ApplianceSmart’s ability to pursue its business strategies.
• Sufficient debtor-in-possession financing may not be available and ApplianceSmart’s emergence from the Chapter 11 Case is not assured.
• Our senior management team and other key personnel may not be able to execute the ApplianceSmart business plan as currently developed, given the substantial attention required of such individuals by the Chapter 11 Case.
• ApplianceSmart may be subject to claims that will not be discharged in the Chapter 11 Case, which could have a material adverse effect on its results of operations and profitability.
• ApplianceSmart’s, and our consolidated, financial results may be volatile and may not reflect historical trends.
• ApplianceSmart may not have sufficient cash to maintain its operations during the Chapter 11 Case or fund its emergence from the bankruptcy.
• A disruption in ApplianceSmart’s relationships with, or in the operations of, any of ApplianceSmart’s key suppliers could cause ApplianceSmart’s, and our, net sales and profitability to decline.
• As a seller of certain consumer products, Vintage Stock and ApplianceSmart are subject to various federal, state, and local laws, regulations, and statutes related to product safety and consumer protection.
• International events could delay or prevent the delivery of products to our suppliers.
• If we are unable to renew or enter into new leases on favorable terms, our revenue growth may decline.
• An adverse trend in sales during the winter and holiday selling season could impact our financial results.
• Our results of operations may fluctuate from quarter to quarter.
• Failure to effectively manage our new store openings could lower our sales and profitability.
• If our management information systems fail to perform or are inadequate, our ability to manage our business could be disrupted.
• Because of our floating rate credit facilities, we may be adversely affected by interest rate changes.
• The floor covering industry is sensitive to changes in general economic conditions, such as consumer confidence and income, corporate and government spending, interest rate levels, availability of credit and demand for housing. Significant or prolonged declines in the U.S. or global economies could have a material adverse effect on the Company’s flooring manufacturing business.
• We may be unable to predict customer preferences or demand accurately, or to respond to technological developments.
• We face intense competition in the flooring industry that could decrease demand for our products or force us to lower prices, which could have a material adverse effect on our business.
• In periods of rising costs, we may be unable to pass raw materials, energy and fuel-related cost increases on to its customers, which could have a material adverse effect on our business.
• Limited availability, or volatility in prices of raw materials and energy may constrain operating levels and reduce profit margins.
• Shortages of qualified and trainable labor, increased labor costs, or our failure to attract and retain other highly qualified personnel in the future could disrupt our operations and adversely affect our financial results.
• Our operational footprint, unplanned equipment outages, and other unforeseen disruptions may adversely impact our results of operations.
• Our production and distribution workforce is unionized, and we may face labor disruptions that would interfere with our operations.
• We rely on third parties for transportation services, and increases in costs or the availability of transportation may adversely affect our business and operations
• We face risks relating to changes in U.S. and foreign tariffs, trade agreements, laws, and policies
• The steel industry is highly cyclical, which may have an adverse effect on our results of operations.
• We are subject to foreign currency risks, which may negatively impact our profitability and cash flows.
• Compliance with existing and new environmental regulations, environmental permitting and approval requirements may result in delays or other adverse impacts on planned projects, our results of operations and cash flows.
• Increasing pressure to reduce greenhouse gas (GHG) emissions from steelmaking operations to comply with EU regulations as well as societal expectations could increase costs to manufacture future raw materials or reduce the amount of materials being manufactured.
• Due to our concentrated stock ownership, public stockholders may have no effective voice in our management and the trading price of our common stock may be adversely affected.
• Because we have no current plans to pay cash dividends on our common stock for foreseeable future, you may not receive any return on investment unless you sell your shares of common stock for a price greater than that which you paid for it.
• Certain provisions of Nevada law, in our organizational documents and in contracts to which we are party may prevent or delay a change of control of our company.