Climate Change Data

Environmental Metrics

ESG Focus Areas

• Data Privacy
• Data Protection
• Cybersecurity

Climate Goals & Targets

Environmental Challenges

• Recurring losses from operations and limited capital resources raise substantial doubt about the Company’s ability to continue as a going concern.
• Highly competitive data privacy and data protection markets.
• Rapid technological change could render products and services obsolete.
• Dependence on vendors and third-party service providers.
• Complex services may have defects impacting market acceptance and reputation.
• Risk of intellectual property infringement.
• Inability to attract and retain qualified personnel.
• Potential for security vulnerabilities and breaches.
• High volatility of share price.

Mitigation Strategies

• Plans to generate sufficient cash flow to meet obligations, including additional financing through equity sales.
• Developing key product technology differentiators and go-to-market efficiencies.
• Adapting to technological changes by developing new products and services.
• Strengthening relationships with vendors and service providers.
• Rigorous testing and quality assurance processes.
• Protecting intellectual property through patents, trade secrets, and legal action.
• Efforts to attract and retain qualified personnel.
• Implementing security features in cloud services.
• No specific mitigation strategies mentioned for share price volatility.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Forget-Me-Yes™ data privacy SaaS solution
• ComplyTrust™ SaaS Suite (CTSS) data protection tools
• Cloud-DPS document protection solution

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Impact of Pandemics (COVID-19)
• Limited operating history
• Substantial losses and need for additional financing
• Highly competitive markets (data privacy, data protection, document protection, video digital watermarking)
• Rapid technological change
• Dependence on vendors and third-party service providers
• Complex services and potential for defects
• Loss of personnel or inability to acquire new personnel
• Failure to maintain effective internal controls
• No paying customers
• Inability to protect intellectual property
• Potential infringement of intellectual property rights of others
• Dependence on continued growth in demand for e-business applications
• Government regulation and legal uncertainties
• Highly volatile share price
• No cash dividends
• Potential lack of securities analyst coverage
• Anti-takeover provisions
• Dilution of shareholder interests
• Limited liability of executive officers and directors
• Requirements of the SEC with regard to low-priced "penny stocks"
• Adverse currency exchange rate fluctuations
• Service outages and disruption of infrastructure
• Security vulnerabilities and breaches
• Expensive financial reporting obligations

Mitigation Strategies

• Developing enhanced safety measures for employees and customers; complying with regulatory guidance; addressing fraud and cybersecurity threats; protecting system integrity; implementing measures to address human capital risks related to health and safety.
• Developing and upgrading technology, products, and services; providing superior customer service; responding to competitive developments; retaining and motivating qualified personnel.
• Seeking additional financing ($3,000,000 to $5,000,000 for 2022)
• Developing key product technology differentiators and go-to-market efficiencies.
• Adapting to changes in technology, customer needs, and competition; developing new products and services.
• Establishing and maintaining satisfactory relationships with vendors and service providers.
• Rigorous testing of products and services.
• Retaining current senior management and attracting, hiring, training, and motivating qualified personnel.
• Improving internal controls by creating new positions, increasing personnel resources, implementing written policies and procedures, and improving monitoring and disclosure controls.
• Actively marketing and selling products and services.
• Protecting proprietary rights through patents, trade secrets, trademarks, confidentiality procedures, and contractual provisions.
• Addressing potential infringement claims through licensing or redesigning products.
• Focusing on the development of products and services that enable users to transmit video over the Internet.
• Monitoring and adapting to changes in government regulations.
• Improving financial organization and implementing sufficient written policies and checklists.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Forget-Me-Yes® data privacy SaaS solution
• ComplyTrust® SaaS Suite (CTSS) data protection tools
• Cloud-DPS document protection solution