Eastside Distilling Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
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PART I
Cautionary Note Regarding Forward-Looking Statements
The statements in this section and other sections of this Form 10-K include “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995 and involve uncertainties that could significantly impact results. Forward-looking statements give current expectations or forecasts of future events about the company or our outlook. You can identify forward-looking statements by the fact they do not relate to historical or current facts and by the use of words such as “believe,” “expect,” “estimate,” “anticipate,” “will be,” “should,” “plan,” “project,” “intend,” “could” and similar words or expressions. Examples include, among others, statements about any of the following:
| ● | Our ability to secure additional financing, refinance debt, and achieve positive working capital; |
| ● | General industry, market and economic conditions (including consumer spending patterns and preferences) and our expectations regarding growth in the markets in which we operate; |
| ● | Our ability to introduce competitive new products on a timely basis and continue to make investments in product development and our expectations regarding the effect of new products on our operating results; |
| ● | Our realizing the results of our competitive strengths and ability to compete with other producers and distributors of alcoholic beverage products; |
| ● | Our expectation regarding product pricing and our ability to market to premium and super-premium segments of the market; |
| ● | Our ability to retain, market and grow our existing brands, the effect that may have on other brands, and our ability to profitably sell our brands; |
| ● | Our ability to financially support the brands in the market; |
| ● | Our ability to protect our intellectual property, including trademarks and tradenames related to our brands; |
| ● | The effects of competition and consolidation in the markets in which we operate; |
| ● | The ability of our production capabilities to support our business and operations and production strategy, including our ability to continue to expand our production capacity to meet demand or outsource production to lower cost of goods sold; |
| ● | Our expectations regarding our supply chain, including our ongoing relationships with certain key suppliers and/or any potential supply chain disruption; |
| ● | Our ability to cultivate our distribution network and maintain relationships with our major distributors; |
| ● | Our ability to utilize our existing distribution pipelines and channels to grow other brands in our portfolio; |
| ● | Changes in applicable laws, policies and the application of regulations and taxes in jurisdictions in which we operate and the impact of newly enacted laws; |
| ● | Tax rate changes (including excise tax, VAT, tariffs, duties, corporate, individual income, or capital gains), changes in related reserves, or changes in tax rules or accounting standards; |
| ● | Our ability to expand our business and brand offerings by acquisitions, including our ability to identify, complete, and finance acquisitions, and our ability to integrate and realize the benefits of our acquisitions; |
| ● | Negative publicity related to our company, brands, marketing, personnel, operations, business performance, or prospects; |
| ● | Our ability to attract and retain key board, executive or employee talent; |
| ● | Our liquidity and capital needs and ability to meet our liquidity needs and going concern requirements; and |
| ● | Our ability to position our brands as attractive acquisition candidates. |
Forward-looking statements are based on assumptions and known risks and uncertainties. Although we believe we have been prudent in our assumptions, any or all of our forward-looking statements may prove to be inaccurate, and we can make no guarantees about our future performance. Should known or unknown risks or uncertainties materialize, or underlying assumptions prove inaccurate, actual results could materially differ from past results and/or those anticipated, estimated or projected.
We undertake no obligation to provide updates to forward-looking statements to the public, whether as a result of new information, future events or otherwise. You should, however, consult any subsequent disclosures we make in our filings with the United States Securities and Exchange Commission (“SEC”) on Form 10-Q or Form 8-K.
You should review the “Risk Factors” set forth elsewhere in this Annual Report for a cautionary discussion of certain risks, uncertainties and assumptions that we believe are significant to our business and may effect forward looking statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.