Note 24: Subsequent events

The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K and determined that there have been no events that have occurred that would require adjustments to disclosures in its condensed consolidated financial statements. Other than described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in its financial statements:

In conjunction with the GeoTraq and SEC-related matters (see Note 15 above), the Company had sought coverage under its policy with its carrier, Sompo International Companies (“Sompo”), which Sompo subsequently denied. After several subsequent claims and counterclaims between the Company, et al, and Sompo, in February 2022, Sompo presented the Company with a draft of a Settlement Agreement and Release that proposed a $1.95 million payment in favor of the Company in exchange for a full release in favor of Sampo from liability for both the GeoTraq and SEC-related matters (see Note 15 above). The Settlement Agreement was executed on March 15, 2022, and the Company received the $1.95 million payment on March 23, 2022. The Company will recognize and record the $1.95 million payment as income in its financial statements for the three months ended April 2, 2022.