Zone Frontier (ZONE) risk factors, FY2026 10-K

Zone Frontier's FY2026 10-K, filed Sep 28, 2026, lists 59 risk factors in 3 groups. Against the prior year's 44: 36 new, 21 dropped, 12 substantially reworded.

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Risk factors listed
593 groups
New this year
36vs 44 last year
Dropped
21since the prior 10-K
Substantially reworded
12of those kept
Section length
13k wordsItem 1A

What the changes say

  • Risk focus shifts from aqueous ozone cleaning products to unproven AI data centers, including two campuses and a 10-year Cerebras lease.
  • Execution depends on power, water, permits, specialized talent, financing, tenants, and managing three businesses simultaneously.
  • Legacy product, supply-chain, fulfillment, and brand risks were dropped, while customer concentration and takeover defenses remain.

What changed since the prior 10-K

New

  • NewRisks Related to Our Business and Industry

    We are closely monitoring these developments and evaluating strategies to mitigate potential impacts

    Tariffs, trade restrictions, and retaliation could weaken the U.S. economy, reduce demand, and hurt Zone Frontier’s results.

  • NewRisks Related to Our Business and Industry

    We rely on utility inputs from a variety of sources to power our data centers. If our fulfillment operations are interrupted for any significant period or are not sufficient to accommodate our facilities, our sales could decline, and our reputation could be harmed

    Insufficient power or water, disasters, cyberattacks, and the lack of a formal recovery plan could interrupt data center operations.

  • NewRisks Related to Our Business and Industry

    Product liability claims are common. Even though we have not been subject to such claims in the past, we could be a named defendant in a lawsuit alleging product liability claims including, but not limited to, defects in the design, manufacture or labeling of our aqueous ozone products and machines

    Defects or labeling problems in aqueous ozone products and machines could lead to costly claims, settlements, or inadequate insurance coverage.

  • NewRisks Related to Ownership of Our Common Stock

    Provisions in our articles of incorporation and bylaws may have the effect of delaying or preventing a change of control of our company or changes in our management

    Authorized common and preferred shares could let the board dilute holders or block a takeover without stockholder approval.

  • NewRisks Relating to our AI Critical Infrastructure Business

    Our AI Critical Infrastructure Business is at an early stage and subject to significant risks, and we may be unable to implement it successfully

    The early-stage AI Critical Infrastructure Business may fail to develop a viable model, generate revenue, achieve profitability, or create value.

  • NewRisks Relating to our AI Critical Infrastructure Business

    We have limited operating history in the AI critical infrastructure or data center industry, and there can be no assurance that we will be able to successfully operate our data center campuses or consummate additional transactions related to our AI Critical Infrastructure Business

    Limited data center experience and strong competitors could hinder campus development, operations, or additional transactions.

  • NewRisks Relating to our AI Critical Infrastructure Business

    The AI Critical Infrastructure Business requires specialized technical, operational, commercial and financial expertise that we may be unable to attract, retain or develop, and our current management team and personnel have limited or no experience in this business

    Zone Frontier may be unable to attract or retain specialists in data centers, power, cooling, computing, leasing, sales, and cybersecurity.

  • NewRisks Relating to our AI Critical Infrastructure Business

    Our management team must manage the demands of operating multiple distinct businesses during our strategic transition, which may strain our limited resources and impair our ability to execute any of our business strategies effectively

    Managing the cleaning products, Dogecoin treasury, and AI infrastructure businesses could overwhelm the company’s limited personnel and resources.

  • NewRisks Relating to our AI Critical Infrastructure Business

    Demand for AI-related or high-performance computing infrastructure may not grow as expected, may be satisfied by competitors, or may prove to be temporary, and our anticipated AI Critical Infrastructure Business may not succeed

    AI infrastructure demand may disappoint, remain temporary, or be captured by hyperscalers and better-established competitors.

  • NewRisks Relating to our AI Critical Infrastructure Business

    We may be unable to secure adequate power supply, which is critical to data center operations, and power costs and availability may adversely affect our anticipated AI Critical Infrastructure Business

    Power shortages, rising energy costs, outages, grid instability, or curtailment could make AI data centers uneconomic or disrupt customers.

  • NewRisks Relating to our AI Critical Infrastructure Business

    The AI critical infrastructure and data center industry is subject to extensive regulation, and changes in law or regulation could materially adversely affect our anticipated business

    Permits, zoning, environmental, energy, water, privacy, export, and other requirements could delay or make data center projects uneconomic.

  • NewRisks Relating to our AI Critical Infrastructure Business

    If we are unable to enter into additional profitable leases, hosting agreements, colocation arrangements or other monetization structures, or if our existing arrangements do not perform as expected, the AI Critical Infrastructure Business may fail

    Failure to secure profitable leases or hosting arrangements, including the Cerebras agreement, could leave data center assets idle or underutilized.

  • NewRisks Relating to our AI Critical Infrastructure Business

    Technology in the AI critical infrastructure industry evolves rapidly, and our anticipated investments could become obsolete or less competitive

  • NewRisks Relating to our AI Critical Infrastructure Business

    Our anticipated AI Critical Infrastructure Business may be affected by export controls, tariffs, sanctions and trade restrictions that could limit our ability to acquire necessary equipment or serve certain customers

  • NewRisks Relating to our AI Critical Infrastructure Business

    Our disclosures regarding our anticipated AI Critical Infrastructure Business necessarily involve substantial estimates and assumptions and may become inaccurate or incomplete as circumstances evolve

  • NewRisks Relating to our AI Critical Infrastructure Business

    We may need to build entirely new systems, financial reporting, disclosure, accounting, operational and internal control systems to support the anticipated AI Critical Infrastructure Business, which will be costly, time-consuming and may not be successful

  • NewRisks Relating to our AI Critical Infrastructure Business

    Public company costs may consume a disproportionate amount of our limited resources, reducing capital available for the AI Critical Infrastructure Business

  • NewRisks Relating to our AI Critical Infrastructure Business

    The transition from our current business lines to the AI Critical Infrastructure Business could expose us to stockholder litigation, regulatory scrutiny and reputational harm

  • NewRisks Relating to our AI Critical Infrastructure Business

    We may fail to transition successfully from a cleaning products and digital asset treasury company to a computing infrastructure company

  • NewRisks Relating to our AI Critical Infrastructure Business

    The anticipated AI Critical Infrastructure Business may never generate meaningful revenue, achieve profitability or produce positive cash flow

  • NewRisks Relating to our AI Critical Infrastructure Business

    We will face intense competition from larger, more experienced and significantly better-capitalized companies, and we may be unable to compete effectively

  • NewRisks Relating to our AI Critical Infrastructure Business

    We have significantly fewer resources than many of the companies with which we would compete, which could materially impair our ability to execute our business plan

  • NewRisks Relating to our AI Critical Infrastructure Business

    Our ability to execute the anticipated AI Critical Infrastructure Business will depend on our ability to obtain substantial capital, and such capital may not be available on acceptable terms or at all

  • NewRisks Relating to our AI Critical Infrastructure Business

    The market price of our common stock may not reflect the fundamental value or prospects of the anticipated AI Critical Infrastructure Business, and any increase in our stock price following announcement of such business may not be sustained

  • NewRisks Relating to our AI Critical Infrastructure Business

    Counterparties to our leases, hosting agreements, colocation arrangements or other transactions may default, terminate early, fail to renew or otherwise not perform as expected

  • NewRisks Relating to our AI Critical Infrastructure Business

    Transactions with external parties through SPVs and other investment structures expose us to heightened risks of default, disagreement, bankruptcy and personnel changes that could impair our investments and operations

  • NewRisks Relating to our AI Critical Infrastructure Business

    Our anticipated AI Critical Infrastructure Business may be exposed to residual value risk and remarketing risk with respect to data center facilities and equipment

  • NewRisks Relating to our AI Critical Infrastructure Business

    Our anticipated business model depends on assumptions regarding customer demand, pricing, utilization, residual values and monetization opportunities that may prove incorrect

  • NewRisks Relating to our AI Critical Infrastructure Business

    Investors may have difficulty evaluating our future prospects because we will be a company with a limited operating history in a new business and no historical information relevant to that business

  • NewRisks Relating to our AI Critical Infrastructure Business

    The proposed change in our corporate name, identity and strategic direction may create confusion, reduce credibility and harm our ability to establish the anticipated new business

  • NewRisks Relating to our AI Critical Infrastructure Business

    If the anticipated AI Critical Infrastructure Business is unsuccessful, we may be unable to continue as a going concern

  • NewRisks Relating to our AI Critical Infrastructure Business

    Stockholders may not realize the benefits they expect from our proposed strategic transition and may lose all or a substantial portion of their investment

  • NewRisks Relating to our AI Critical Infrastructure Business

    We may be exposed to tax risks associated with asset acquisitions, leasing structures, hosting arrangements and other monetization arrangements

  • NewRisks Relating to our AI Critical Infrastructure Business

    The data center project contemplated by our letter of intent requires capital commitments that substantially exceed our current financial resources, and we may be unable to secure adequate capital resources through debt or equity to fund our obligations under the proposed transaction

  • NewRisks Relating to our AI Critical Infrastructure Business

    Our initial AI critical infrastructure strategy will likely be concentrated in a limited number of projects, and we will be dependent on our development and operating partners, which exposes us to significant concentration, execution and counterparty risks

  • NewRisks Relating to our AI Critical Infrastructure Business

    Our anticipated AI Critical Infrastructure Business may be conducted through special purpose vehicles and joint venture structures, which expose us to governance, counterparty and structural risks that could materially impair our investments

Dropped

  • DroppedRisks Related to Our Business and Industry

    We may face significant challenges in obtaining market acceptance of our products, which could adversely affect our potential sales and revenues

  • DroppedRisks Related to Our Business and Industry

    If we do not build brand awareness and brand loyalty, our business may suffer

  • DroppedRisks Related to Our Business and Industry

    If we are unable to maintain, train and build an effective international sales and marketing infrastructure, we will not be able to commercialize and grow our brand successfully

  • DroppedRisks Related to Our Business and Industry

    We have historically depended on a limited number of third parties to supply key raw materials to us and the failure to obtain a sufficient supply of these raw materials in a timely fashion and at reasonable costs could significantly delay our delivery of products

  • DroppedRisks Related to Our Business and Industry

    Increased prices for raw materials could increase our cost of sales and decrease demand for our products, which could adversely affect our revenue or profitability

  • DroppedRisks Related to Our Business and Industry

    Interruptions in deliveries of raw materials could adversely affect our revenue or profitability

    Market acceptance of aqueous ozone products among hospitals, schools, universities, commercial facilities, and other customers.

  • DroppedRisks Related to Our Business and Industry

    If our fulfillment operations are interrupted for any significant period of time or are not sufficient to accommodate increased demand, our sales could decline, and our reputation could be harmed

    Building brand awareness and loyalty against better-resourced aqueous ozone competitors.

  • DroppedRisks Related to Our Business and Industry

    If commodity prices such as fuel, plastic and steel increase, our margins may be negatively impacted

  • DroppedRisks Related to Our Business and Industry

    Business interruptions in our facilities may affect the distribution of our products and/or the stability of our computer systems, which may affect our business

    Maintaining an international sales and marketing infrastructure for the cleaning products business.

  • DroppedRisks Related to Our Business and Industry

    Quality problems with, and product liability claims in connection with, our aqueous ozone machines could lead to recalls or safety alerts, harm to our reputation, or adverse verdicts or costly settlements, and could have a material adverse effect on our business, financial condition, and results of operations

  • DroppedRisks Related to Our Business and Industry

    We may receive a significant number of warranty claims or our aqueous ozone products may require significant amounts of service after sale

  • DroppedRisks Related to Our Business and Industry

    We could be subject to litigation

    Dependence on limited suppliers for key raw materials and components, including a major single-source component.

  • DroppedRisks Related to Our Business and Industry

    If we are unable to protect our intellectual property rights, our reputation and brand could be impaired, and we could lose customers

    Raw-material price increases reducing product demand, revenue, or profitability.

  • DroppedRisks Related to Our Business and Industry

    Assertions by third parties of infringement, misappropriation or other violation by us of their intellectual property rights could result in significant costs and substantially harm our business and operating results

  • DroppedRisks Related to Our Business and Industry

    Legislation or government regulations may be adopted which may affect our products and liability

    Supplier delivery interruptions delaying aqueous ozone product fulfillment.

  • DroppedRisks Related to Our Business and Industry

    We are subject to, and must remain in compliance with, numerous laws and governmental regulations concerning the manufacturing, use, distribution and sale of our products. Some of our customers also require that it complies with their own unique requirements relating to these matters

    Interruptions or capacity limits in inventory, packaging, labeling, returns, and product delivery operations.

  • DroppedRisks Related to Our Business and Industry

    Economic, political and other risks associated with our international operations could adversely affect our revenues and international growth prospects

    Higher fuel, plastic, steel, and other commodity costs compressing margins and affecting product availability.

  • DroppedRisks Related to Our Business and Industry

    Our international operations require us to comply with anti-corruption laws and regulations of the U.S. government and various international jurisdictions in which we do business

    Disasters, terrorism, war, or other events interrupting facilities, distribution, or computer systems.

  • DroppedRisks Related to Our Business and Industry

    The impact of geopolitical conflicts may adversely affect our business and results of operations

  • DroppedRisks Related to Ownership of Our Common Stock

    We are a controlled company and a smaller reporting company under the rules of NYSE American and as a result, we may choose to exempt our company from certain corporate governance requirements that could have an adverse effect on our public stockholders

  • DroppedRisks Related to Ownership of Our Common Stock

    Anti-takeover provisions in our charter documents and under Nevada law could make an acquisition of our company more difficult, and limit attempts by our stockholders to replace or remove our current management

    Aqueous ozone machine quality problems causing recalls, safety alerts, reputational harm, or liability.

Reworded

  • 95% rewrittenRisks Related to Our Business and Industry

    We operate in new and rapidly changing markets, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful

    The risk now concerns rapidly changing data center markets, high capital needs, and evolving technology and regulation instead of cleaning products.

  • 88% rewrittenRisks Related to Our Business and Industry

    We expect one major customer to account for all our revenue and the loss of that customer could have a material adverse effect on our results of operations

    Customer concentration changed to two customers representing 27% and 16% of revenue, and adds the fully leased Minnesota campus and Cerebras payment risk.

    Was: Our major customers account for a significant portion of our revenue and the loss of any major customer could have a material adverse effect on our results of operations

  • 84% rewrittenRisks Related to Ownership of Our Common Stock

    We do not expect to declare or pay dividends in the foreseeable future

    The risk now covers only the absence of dividends and loss of investment value, removing class-based voting control and index-liquidity concerns.

  • 82% rewrittenRisks Related to Our Business and Industry

    We will face growing regulatory and compliance requirements in a variety of areas, which can be costly and time consuming

    The prior general regulatory risk is unchanged but now adds identified material weaknesses in internal control over financial reporting.

  • 73% rewrittenRisks Related to Our Business and Industry

    Changes to U.S. trade policy, tariff and import/export regulations may adversely affect our operating results

    The risk now states AI infrastructure suppliers are domestic with no known material tariff exposure, unlike the prior China and overseas-materials exposure.

  • 52% rewrittenRisks Related to Our Business and Industry

    We face significant competition

    Competition now concerns attracting and retaining data center tenants and facilities rather than gaining acceptance for aqueous ozone products.

  • 46% rewrittenRisks Related to Our Business and Industry

    We will require additional financing to accomplish our business strategy

    Financing remains necessary, but the current version removes workforce reductions and adds effects on product development, revenue, and company value.

  • 40% rewrittenRisks Related to Ownership of Our Common Stock

    Future issuances of our common stock or securities convertible into, or exercisable or exchangeable for, our common stock could cause the market price of our common stock to decline and would result in the dilution of your holdings

    The dilution risk now applies to common stock generally instead of specifically class B common stock.

    Was: Future issuances of our class B common stock or securities convertible into, or exercisable or exchangeable for, our class B common stock could cause the market price of our class B common stock to decline and would result in the dilution of your holdings

  • 36% rewrittenRisks Related to Our Business and Industry

    We have incurred losses since our inception, and we may not be able to manage our business on a profitable basis

  • 32% rewrittenRisks Related to Ownership of Our Common Stock

    We may not be able to maintain a listing of our common stock on NYSE American

    Was: We may not be able to maintain a listing of our class B common stock on NYSE American

  • 26% rewrittenRisks Related to Our Business and Industry

    The loss of key personnel, an inability to attract and retain additional personnel or difficulties in the integration of new members of our management team into our company could affect our ability to successfully grow our business

  • 24% rewrittenRisks Related to Our Business and Industry

    Our auditors have issued a going concern opinion on our audited consolidated financial statements

All 59 risk factors

Headings as the filing states them, in filing order.

Risks Related to Our Business and Industry

  1. 01We are an early-stage company with a limited operating history
  2. 02We have incurred losses since our inception, and we may not be able to manage our business on a profitable basis36% rewritten
  3. 03Our auditors have issued a going concern opinion on our audited consolidated financial statements24% rewritten
  4. 04We will require additional financing to accomplish our business strategy46% rewritten
  5. 05We cannot accurately predict future revenues or profitability in the emerging market for aqueous ozone technology
  6. 06If we fail to properly manage our anticipated growth, our business could suffer
  7. 07We operate in new and rapidly changing markets, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful95% rewritten
  8. 08We expect one major customer to account for all our revenue and the loss of that customer could have a material adverse effect on our results of operations88% rewritten
  9. 09Changes to U.S. trade policy, tariff and import/export regulations may adversely affect our operating results73% rewritten
  10. 10We are closely monitoring these developments and evaluating strategies to mitigate potential impactsNew
  11. 11We rely on utility inputs from a variety of sources to power our data centers. If our fulfillment operations are interrupted for any significant period or are not sufficient to accommodate our facilities, our sales could decline, and our reputation could be harmedNew
  12. 12Security threats, such as ransomware attacks, to our IT infrastructure could expose us to liability, and damage our reputation and business
  13. 13We face significant competition52% rewritten
  14. 14Product liability claims are common. Even though we have not been subject to such claims in the past, we could be a named defendant in a lawsuit alleging product liability claims including, but not limited to, defects in the design, manufacture or labeling of our aqueous ozone products and machinesNew
  15. 15The loss of key personnel, an inability to attract and retain additional personnel or difficulties in the integration of new members of our management team into our company could affect our ability to successfully grow our business26% rewritten
  16. 16Failure to comply with privacy laws and regulations and failure to adequately protect customer data could harm our business, damage our reputation and result in the loss of customers
  17. 17We will face growing regulatory and compliance requirements in a variety of areas, which can be costly and time consuming82% rewritten
  18. 18Industry and other market data that may be used in our periodic reports that we may file with the SEC and our other materials, including those undertaken by us or our engaged consultants, may not prove to be representative of current and future market conditions or future results

Risks Related to Ownership of Our Common Stock

  1. 19We may not be able to maintain a listing of our common stock on NYSE American32% rewritten
  2. 20The market price of our stock may be highly volatile, and you could lose all or part of your investment
  3. 21We do not expect to declare or pay dividends in the foreseeable future84% rewritten
  4. 22Future issuances of our common stock or securities convertible into, or exercisable or exchangeable for, our common stock could cause the market price of our common stock to decline and would result in the dilution of your holdings40% rewritten
  5. 23If securities industry analysts do not publish research reports on us, or publish unfavorable reports on us, then the market price and market trading volume of our common stock could be negatively affected
  6. 24If our shares of common stock become subject to the penny stock rules, it would become more difficult to trade our shares
  7. 25We are subject to ongoing public reporting requirements that are less rigorous than rules for companies that are not emerging growth companies, and our stockholders could receive less information than they might expect to receive from more mature public companies
  8. 26We are also a smaller reporting company, and if we take advantage of certain exemptions from SEC disclosure requirements available to smaller reporting companies, this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies
  9. 27Provisions in our articles of incorporation and bylaws may have the effect of delaying or preventing a change of control of our company or changes in our managementNew

Risks Relating to our AI Critical Infrastructure Business

  1. 28Our AI Critical Infrastructure Business is at an early stage and subject to significant risks, and we may be unable to implement it successfullyNew
  2. 29We have limited operating history in the AI critical infrastructure or data center industry, and there can be no assurance that we will be able to successfully operate our data center campuses or consummate additional transactions related to our AI Critical Infrastructure BusinessNew
  3. 30The AI Critical Infrastructure Business requires specialized technical, operational, commercial and financial expertise that we may be unable to attract, retain or develop, and our current management team and personnel have limited or no experience in this businessNew
  4. 31Our management team must manage the demands of operating multiple distinct businesses during our strategic transition, which may strain our limited resources and impair our ability to execute any of our business strategies effectivelyNew
  5. 32Demand for AI-related or high-performance computing infrastructure may not grow as expected, may be satisfied by competitors, or may prove to be temporary, and our anticipated AI Critical Infrastructure Business may not succeedNew
  6. 33We may be unable to secure adequate power supply, which is critical to data center operations, and power costs and availability may adversely affect our anticipated AI Critical Infrastructure BusinessNew
  7. 34The AI critical infrastructure and data center industry is subject to extensive regulation, and changes in law or regulation could materially adversely affect our anticipated businessNew
  8. 35If we are unable to enter into additional profitable leases, hosting agreements, colocation arrangements or other monetization structures, or if our existing arrangements do not perform as expected, the AI Critical Infrastructure Business may failNew
  9. 36Technology in the AI critical infrastructure industry evolves rapidly, and our anticipated investments could become obsolete or less competitiveNew
  10. 37Our anticipated AI Critical Infrastructure Business may be affected by export controls, tariffs, sanctions and trade restrictions that could limit our ability to acquire necessary equipment or serve certain customersNew
  11. 38Our disclosures regarding our anticipated AI Critical Infrastructure Business necessarily involve substantial estimates and assumptions and may become inaccurate or incomplete as circumstances evolveNew
  12. 39We may need to build entirely new systems, financial reporting, disclosure, accounting, operational and internal control systems to support the anticipated AI Critical Infrastructure Business, which will be costly, time-consuming and may not be successfulNew
  13. 40Public company costs may consume a disproportionate amount of our limited resources, reducing capital available for the AI Critical Infrastructure BusinessNew
  14. 41The transition from our current business lines to the AI Critical Infrastructure Business could expose us to stockholder litigation, regulatory scrutiny and reputational harmNew
  15. 42We may fail to transition successfully from a cleaning products and digital asset treasury company to a computing infrastructure companyNew
  16. 43The anticipated AI Critical Infrastructure Business may never generate meaningful revenue, achieve profitability or produce positive cash flowNew
  17. 44We will face intense competition from larger, more experienced and significantly better-capitalized companies, and we may be unable to compete effectivelyNew
  18. 45We have significantly fewer resources than many of the companies with which we would compete, which could materially impair our ability to execute our business planNew
  19. 46Our ability to execute the anticipated AI Critical Infrastructure Business will depend on our ability to obtain substantial capital, and such capital may not be available on acceptable terms or at allNew
  20. 47The market price of our common stock may not reflect the fundamental value or prospects of the anticipated AI Critical Infrastructure Business, and any increase in our stock price following announcement of such business may not be sustainedNew
  21. 48Counterparties to our leases, hosting agreements, colocation arrangements or other transactions may default, terminate early, fail to renew or otherwise not perform as expectedNew
  22. 49Transactions with external parties through SPVs and other investment structures expose us to heightened risks of default, disagreement, bankruptcy and personnel changes that could impair our investments and operationsNew
  23. 50Our anticipated AI Critical Infrastructure Business may be exposed to residual value risk and remarketing risk with respect to data center facilities and equipmentNew
  24. 51Our anticipated business model depends on assumptions regarding customer demand, pricing, utilization, residual values and monetization opportunities that may prove incorrectNew
  25. 52Investors may have difficulty evaluating our future prospects because we will be a company with a limited operating history in a new business and no historical information relevant to that businessNew
  26. 53The proposed change in our corporate name, identity and strategic direction may create confusion, reduce credibility and harm our ability to establish the anticipated new businessNew
  27. 54If the anticipated AI Critical Infrastructure Business is unsuccessful, we may be unable to continue as a going concernNew
  28. 55Stockholders may not realize the benefits they expect from our proposed strategic transition and may lose all or a substantial portion of their investmentNew
  29. 56We may be exposed to tax risks associated with asset acquisitions, leasing structures, hosting arrangements and other monetization arrangementsNew
  30. 57The data center project contemplated by our letter of intent requires capital commitments that substantially exceed our current financial resources, and we may be unable to secure adequate capital resources through debt or equity to fund our obligations under the proposed transactionNew
  31. 58Our initial AI critical infrastructure strategy will likely be concentrated in a limited number of projects, and we will be dependent on our development and operating partners, which exposes us to significant concentration, execution and counterparty risksNew
  32. 59Our anticipated AI Critical Infrastructure Business may be conducted through special purpose vehicles and joint venture structures, which expose us to governance, counterparty and structural risks that could materially impair our investmentsNew

Other Zone Frontier 10-Ks

  • FY2025 10-K risk factors
    44 risks4 new1 dropped10 reworded

    Customer concentration intensified with KBS and Pro-Link accounting for 42% and 17% of revenue.

    Filed Aug 22, 2025
  • FY2024 10-K risk factors
    41 risks

    Operating losses of $1,946,734 and net losses of $2,281,742 for the year ended June 30, 2024 dominate the risk profile. Auditors issued a going concern opinion regarding ability to continue. Customer concentration risk is high with Pro-Link, Inc. accounting for 14% of revenue.

    Filed Sep 20, 2024

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.