Company Classification and Stock Information - The company is classified as a "smaller reporting company," which subjects it to reduced disclosure requirements, potentially making its common stock less attractive to investors [325]. - As of March 12, 2025, the company had 12,282,894 shares of common stock issued and outstanding, with authorization to issue up to 200,000,000 shares [334]. - The common stock price may experience rapid and substantial volatility, making it difficult for prospective investors to assess its value [330]. - Future sales of common stock could lead to a decline in market price, affecting existing shareholders [336]. - The company has no plans to pay cash dividends on its common stock for the foreseeable future, intending to retain earnings for operations and growth [339]. - The market for the company's common stock may not be sustained, potentially impairing its ability to raise capital or enter into strategic partnerships [338]. Financial Performance and Risks - The company has incurred losses in each year since its inception, indicating a need for significant additional financing to continue operations [335]. - The company may face significant liabilities and costs due to potential securities litigation following periods of stock price volatility [333]. Cybersecurity Concerns - Cybersecurity threats remain a concern, with plans to develop information security policies and incident response plans to mitigate risks [327]. - The company acknowledges that it may not be able to fully mitigate cybersecurity risks, which could harm its reputation and business [328].
GD Culture Group(GDC) - 2024 Q4 - Annual Report