☒ |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
☐ |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
New York
|
14-1541629
|
|
State or Other Jurisdiction of Incorporation or Organization
|
I.R.S. Employer Identification No.
|
2818 N. Sullivan Rd. Ste 30
Spokane, WA 99216
|
99216
|
|
Address of Principal Executive Offices
|
Zip Code
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
Common Stock, $.01 par value per share
|
TWMC
|
NASDAQ Stock Market
|
Large accelerated filer ☐
|
Accelerated filer ☐
|
Non-accelerated filer ☒
|
Smaller reporting company ☒
|
Emerging growth company ☐
|
Form 10-Q
Page No.
|
|
4
|
|
5
|
|
6
|
|
7
|
|
8
|
|
9 |
|
26 | |
32
|
|
32
|
|
33
|
|
33 | |
33 | |
34
|
|
34
|
|
34
|
|
34
|
|
35
|
May 2,
2020
|
February 1,
2020
|
May 4,
2019
|
||||||||||
ASSETS | (unaudited) | (unaudited) | ||||||||||
CURRENT ASSETS
|
||||||||||||
Cash and cash equivalents
|
$
|
7,078
|
$
|
2,977
|
$
|
3,822
|
||||||
Restricted cash
|
950
|
950
|
950
|
|||||||||
Accounts receivable
|
2,644
|
4,139
|
2,694
|
|||||||||
Merchandise inventory
|
17,157
|
17,836
|
20,085
|
|||||||||
Prepaid expenses and other current assets
|
639
|
2,974
|
1,280
|
|||||||||
Assets held for discontinued operations
|
-
|
51,189
|
103,995
|
|||||||||
Total current assets
|
28,468
|
80,065
|
132,826
|
|||||||||
Restricted cash
|
4,648
|
4,925
|
5,545
|
|||||||||
Fixed assets, net
|
2,256
|
2,190
|
1,674
|
|||||||||
Operating lease right-of-use assets
|
3,171
|
3,311
|
2,942
|
|||||||||
Intangible assets, net
|
1,503
|
1,760
|
3,382
|
|||||||||
Cash Surrender Value
|
3,056
|
3,353
|
3,169
|
|||||||||
Other assets
|
2,138
|
2,202
|
1,484
|
|||||||||
TOTAL ASSETS
|
$
|
45,240
|
$
|
97,806
|
$
|
151,022
|
||||||
LIABILITIES
|
||||||||||||
CURRENT LIABILITIES
|
||||||||||||
Accounts payable
|
$
|
5,938
|
$
|
14,447
|
$
|
8,483
|
||||||
Short-term borrowings
|
4,531
|
13,149
|
3,072
|
|||||||||
Accrued expenses and other current liabilities
|
5,046
|
3,521
|
1,804
|
|||||||||
Current portion of operating lease liabilites
|
551
|
534
|
363
|
|||||||||
Liabilities held for discontinued operations
|
-
|
39,410
|
59,146
|
|||||||||
Total current liabilities
|
16,066
|
71,061
|
72,868
|
|||||||||
Operating lease liabilities
|
2,714
|
2,204
|
2,628
|
|||||||||
PPP Loan
|
2,018
|
-
|
-
|
|||||||||
Long-term debt
|
4,170
|
-
|
-
|
|||||||||
Other long-term liabilities
|
19,820
|
20,026
|
19,515
|
|||||||||
TOTAL LIABILITIES
|
44,788
|
93,291
|
95,011
|
|||||||||
SHAREHOLDERS’ EQUITY
|
||||||||||||
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued)
|
-
|
-
|
-
|
|||||||||
Common stock ($0.01 par value; 200,000,000 shares authorized; 3,235,576, 3,225,627 and 3,221,834 shares issued, respectively)
|
32
|
32
|
32
|
|||||||||
Additional paid-in capital
|
346,442
|
345,102
|
344,904
|
|||||||||
Treasury stock at cost (1,410,378, 1,409,316 and 1,407,830 shares, respectively)
|
(230,169
|
)
|
(230,169
|
)
|
(230,166
|
)
|
||||||
Accumulated other comprehensive loss
|
(1,476
|
)
|
(1,479
|
)
|
(730
|
)
|
||||||
Accumulated deficit
|
(114,377
|
)
|
(108,971
|
)
|
(58,029
|
)
|
||||||
TOTAL SHAREHOLDERS’ EQUITY
|
452
|
|
4,515
|
56,011
|
||||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
|
$
|
45,240
|
$
|
97,806
|
$
|
151,022
|
Thirteen Weeks Ended
|
||||||||
May 2,
2020
|
May 4,
2019
|
|||||||
Net revenue
|
31,589
|
35,132
|
||||||
Cost of sales
|
28,277
|
32,355
|
||||||
Gross profit
|
3,312
|
2,777
|
||||||
Selling, general and administrative expenses
|
8,490
|
6,978
|
||||||
Loss from continuing operations
|
(5,178
|
)
|
(4,201
|
)
|
||||
Interest expense
|
228
|
136
|
||||||
Loss from continuing operations before income tax benefit
|
(5,406
|
)
|
(4,337
|
)
|
||||
Income tax expense
|
-
|
9
|
||||||
Loss from continued operations
|
(5,406
|
)
|
(4,346
|
)
|
||||
Loss from fye business, net of tax
|
-
|
(3,456
|
)
|
|||||
Net loss
|
(5,406
|
)
|
(7,802
|
)
|
||||
BASIC AND DILUTED INCOME PER SHARE:
|
||||||||
Basic and diluted loss per common share
|
$
|
(2.97
|
)
|
$
|
(4.30
|
)
|
||
Weighted average number of common shares outstanding – basic and diluted
|
1,820
|
1,816
|
Thirteen Weeks Ended
|
||||||||
May 2,
2020
|
May 4,
2019
|
|||||||
Net loss
|
$
|
(5,406
|
)
|
$
|
(7,802
|
)
|
||
Amortization of pension gain
|
1
|
5
|
||||||
Comprehensive loss
|
$
|
(5,405
|
)
|
$
|
(7,797
|
)
|
Thirteen Weeks Ended May 2, 2020
|
||||||||||||||||||||||||||||||||
Number of shares outstanding
|
Accumulated
|
Retained
|
||||||||||||||||||||||||||||||
Common
Shares
|
Treasury
Shares
|
Common
Stock
|
Additional
Paid-in
Capital
|
Treasury
Stock
At Cost
|
Other
Comprehensive
Loss
|
Earnings
(Accumulated
Deficit)
|
Shareholders’
Equity
|
|||||||||||||||||||||||||
Balance as of February 1, 2020
|
3,226
|
(1,409
|
)
|
$
|
32
|
$
|
345,102
|
$
|
(230,169
|
)
|
$
|
(1,479
|
)
|
$
|
(108,971
|
)
|
$
|
4,515
|
||||||||||||||
Net Loss
|
-
|
-
|
-
|
-
|
-
|
-
|
(5,406
|
)
|
(5,406
|
)
|
||||||||||||||||||||||
Other comprehensive income
|
-
|
-
|
-
|
-
|
-
|
3
|
-
|
3
|
||||||||||||||||||||||||
Issuance of warrants
|
-
|
-
|
-
|
836
|
-
|
-
|
-
|
836
|
||||||||||||||||||||||||
Vested restricted shares
|
4
|
(1
|
)
|
-
|
(9
|
)
|
-
|
-
|
-
|
(9
|
)
|
|||||||||||||||||||||
Common stock issued- Director grants
|
6
|
-
|
-
|
243
|
-
|
-
|
-
|
243
|
||||||||||||||||||||||||
Amortization of unearned compensation/restricted stock amortization
|
-
|
-
|
-
|
269
|
-
|
-
|
-
|
269
|
||||||||||||||||||||||||
Balance as of May 2, 2020
|
3,236
|
$
|
(1,410
|
)
|
$
|
32
|
$
|
346,442
|
$
|
(230,169
|
)
|
$
|
(1,476
|
)
|
$
|
(114,377
|
)
|
$
|
452
|
Thirteen Weeks Ended May 4, 2019
|
||||||||||||||||||||||||||||||||
Number of shares outstanding
|
Accumulated
|
Retained
|
||||||||||||||||||||||||||||||
Common
Shares
|
Treasury
Shares
|
Common
Stock
|
Additional
Paid-in
Capital
|
Treasury
Stock
At Cost
|
Other
Comprehensive
Loss
|
Earnings
(Accumulated
Deficit)
|
Shareholders’
Equity
|
|||||||||||||||||||||||||
Balance as of February 2, 2019
|
3,222
|
(1,409
|
)
|
$
|
32
|
$
|
344,826
|
$
|
(230,166
|
)
|
$
|
(735
|
)
|
$
|
(50,227
|
)
|
$
|
63,730
|
||||||||||||||
Net Loss
|
-
|
-
|
-
|
-
|
-
|
-
|
(7,802
|
)
|
(7,802
|
)
|
||||||||||||||||||||||
Other comprehensive income
|
-
|
-
|
-
|
-
|
-
|
5
|
-
|
5
|
||||||||||||||||||||||||
Amortization of unearned compensation/restricted stock amortization
|
-
|
-
|
-
|
78
|
-
|
-
|
-
|
78
|
||||||||||||||||||||||||
Balance as of May 4, 2019
|
3,222
|
$
|
(1,409
|
)
|
$
|
32
|
$
|
344,904
|
$
|
(230,166
|
)
|
$
|
(730
|
)
|
$
|
(58,029
|
)
|
$
|
56,011
|
Thirteen Weeks Ended
|
||||||||
May 2,
2020
|
May 4,
2019 (1)
|
|||||||
OPERATING ACTIVITIES:
|
||||||||
Net income loss
|
$
|
(5,406
|
)
|
$
|
(7,802
|
)
|
||
Adjustments to reconcile net loss to net cash used in operating activities:
|
||||||||
Depreciation of fixed assets
|
234
|
695
|
||||||
Amortization of intangible assets
|
257
|
286
|
||||||
Stock-based compensation
|
269
|
78
|
||||||
Loss on disposal of fixed assets
|
-
|
3
|
||||||
Amortization of ROU asset
|
140
|
|||||||
Change in cash surrender value
|
297
|
(145
|
)
|
|||||
Changes in operating assets and liabilities that provide (use) cash:
|
||||||||
Accounts receivable
|
1,496
|
783
|
||||||
Merchandise inventory
|
679
|
6,355
|
||||||
Prepaid expenses and other current assets
|
2,180
|
1,141
|
||||||
Other long-term assets
|
-
|
2,059
|
||||||
Accounts payable
|
(1,941
|
)
|
(5,404
|
)
|
||||
Accrued expenses and other current liabilities
|
(5,026
|
)
|
(956
|
)
|
||||
Deferred revenue
|
-
|
(827
|
)
|
|||||
Other long-term liabilities
|
305
|
(2,448
|
)
|
|||||
Net cash used in operating activities
|
(6,516
|
)
|
(6,182
|
)
|
||||
INVESTING ACTIVITIES:
|
||||||||
Purchases of fixed assets
|
(300
|
)
|
(799
|
)
|
||||
Proceeds from sale of fye business
|
11,779
|
-
|
||||||
Net cash provided by (used in) investing activities
|
11,479
|
(799
|
)
|
|||||
FINANCING ACTIVITIES:
|
||||||||
Proceeds from short term borrowings
|
4,531
|
3,072
|
||||||
Proceeds from long term borrowings
|
4,389
|
-
|
||||||
Proceeds from issuance of warrants
|
836
|
-
|
||||||
Proceeds from PPP loan
|
2,017
|
-
|
||||||
Issuance of director deferred shares and RSUs
|
237
|
-
|
||||||
Payment of short term borrowings
|
(13,149
|
)
|
-
|
|||||
Net cash provided by (used in) financing activities
|
(1,139
|
)
|
3,072
|
|||||
Net increase (decrease) in cash, cash equivalents, and restricted cash
|
3,824
|
(3,909
|
)
|
|||||
Cash, cash equivalents, and restricted cash, beginning of period
|
8,852
|
14,226
|
||||||
Cash, cash equivalents, and restricted cash, end of period
|
$
|
12,676
|
$
|
10,317
|
• |
Partner Obsession
|
• |
Results
|
• |
Insights Driven
|
• |
Ownership
|
• |
Simplicity
|
• |
Diversity and Teamwork
|
• |
Innovation
|
Three Months Ended
|
||||||||
(In thousands)
|
May 2,
2020
|
May 4,
2019
|
||||||
Net revenue
|
$
|
—
|
$
|
45,018
|
||||
Cost of goods sold
|
—
|
27,516
|
||||||
Selling, general and administrative expenses
|
—
|
20,942
|
||||||
Interest income
|
—
|
(4
|
)
|
|||||
Other income
|
—
|
(43
|
)
|
|||||
Loss from discontinued operations before income taxes
|
—
|
(3,393
|
)
|
|||||
Income tax expense
|
—
|
63
|
||||||
Loss from discontinued operations, net of tax
|
$
|
—
|
$
|
(3,456
|
)
|
(In thousands)
|
May 2,
2020
|
February 1,
2020
|
May 4,
2019
|
|||||||||
Cash
|
$
|
—
|
$
|
—
|
$
|
—
|
||||||
Accounts receivable, net
|
—
|
62
|
1,906
|
|||||||||
Inventories
|
—
|
50,122
|
68,402
|
|||||||||
Other current assets
|
—
|
1,005
|
3,489
|
|||||||||
Property, plant and equipment, net
|
—
|
—
|
5,999
|
|||||||||
Operating lease right-to-use asset
|
—
|
—
|
23,125
|
|||||||||
Other assets
|
—
|
—
|
1,074
|
|||||||||
Total assets of discontinued operations
|
$
|
—
|
$
|
51,189
|
$
|
103,995
|
||||||
Accounts payable
|
$
|
—
|
$
|
9,769
|
$
|
20,438
|
||||||
Accrued liabilities
|
—
|
779
|
3,939
|
|||||||||
Deferred revenue
|
—
|
6,764
|
6,128
|
|||||||||
Current portion of lease liabilities
|
—
|
8,976
|
8,816
|
|||||||||
Operating lease liabilities
|
—
|
11,059
|
17,783
|
|||||||||
Other liabilities
|
—
|
2,063
|
2,042
|
|||||||||
Total liabilities of discontinued operations (a)
|
$
|
—
|
$
|
39,410
|
$
|
59,146
|
(In thousands)
|
May 2,
2020
|
May 4,
2019
|
||||||
Net cash used in operating activities
|
$
|
—
|
$
|
(7,664
|
)
|
|||
Net cash provided by(used) in investing activities
|
11,779
|
(322
|
)
|
|||||
Depreciation and amortization
|
—
|
573
|
||||||
Purchases of fixed assets
|
—
|
(322
|
)
|
Assets sold
|
||||
Inventory
|
$
|
50,122
|
||
Accounts receivable
|
62
|
|||
Prepaid expenses and other current assets
|
654
|
|||
Other assets
|
351
|
|||
fye business assets sold
|
$
|
51,189
|
||
Less liabilities assumed:
|
||||
Accounts payable
|
(9,769
|
)
|
||
Deferred revenue
|
(6,764
|
)
|
||
Accrued expenses and other current liabilities
|
(779
|
)
|
||
Other long-term liabilities
|
(2,063
|
)
|
||
Operating lease liabilities
|
(20,035
|
)
|
||
fye business liabilities assumed
|
$
|
39,410
|
||
Net proceeds
|
$ | 11,779 |
May 2, 2020
|
||||||||||||||||||||
Weighted
Average
Amortization
Period
(in months)
|
Original
Gross
Carrying
Amount
|
Accumulated
Impairment
|
Accumulated
Amortization
|
Net Carrying
Amount
|
||||||||||||||||
Vendor relationships
|
120
|
$
|
19,100
|
$
|
14,587
|
$
|
4,513
|
$
|
-
|
|||||||||||
Technology
|
60
|
6,700
|
2,587
|
3,563
|
550
|
|||||||||||||||
Trade names and trademarks
|
60
|
3,200
|
-
|
2,247
|
953
|
|||||||||||||||
$
|
29,000
|
$
|
17,174
|
$
|
10,323
|
$
|
1,503
|
(amounts in thousands)
|
February 1,
2020 |
Impairment
Expense
|
Amortization
Expense
|
May 2,
2020 |
||||||||||||
Amortized intangible assets:
|
||||||||||||||||
Technology
|
$
|
647
|
$
|
-
|
$
|
97
|
$
|
550
|
||||||||
Trade names and trademarks
|
1,113
|
-
|
160
|
953
|
||||||||||||
Net amortized intangible assets
|
$
|
1,760
|
$
|
-
|
$
|
257
|
$
|
1,503
|
Thirteen Weeks Ended
|
||||||||
(amounts in thousands)
|
May 2,
2020 |
May 4,
2019 |
||||||
Amortized intangible assets:
|
||||||||
Vendor relationships
|
$
|
-
|
$
|
29
|
||||
Technology
|
97
|
97
|
||||||
Trade names and trademarks
|
160
|
160
|
||||||
Total amortization expense
|
$
|
257
|
$
|
286
|
Fiscal Year
|
Amortization
|
|||
2020
|
$
|
771
|
||
2021
|
732
|
|||
2022
|
-
|
|||
2023
|
-
|
|||
2024
|
-
|
|||
Thereafter
|
-
|
May 2,
2020
|
February 1,
2020
|
May 4,
2019
|
||||||||||
Cash and cash equivalents
|
$
|
7,078
|
$
|
2,977
|
$
|
3,822
|
||||||
Restricted cash
|
5,598
|
5,875
|
6,495
|
|||||||||
Total cash, cash equivalents and restricted cash
|
$
|
12,676
|
$
|
8,852
|
$
|
10,317
|
Employee and Director Stock Award Plans
|
||||||||||||||||||||
Number
of Shares
Subject To
Option
|
Weighted
Average
Exercise
Price
|
Weighted
Average
Remaining
Contractual
Term
|
Other
Share
Awards (1)
|
Weighted
Average
Grant Fair
Value
|
||||||||||||||||
Balance February 1, 2020
|
129,196
|
$
|
52.11
|
5.8
|
9,945
|
$
|
36.75
|
|||||||||||||
Granted
|
1,500
|
3.68
|
-
|
-
|
-
|
|||||||||||||||
Canceled
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||
Exercised
|
-
|
-
|
-
|
(9,945
|
)
|
36.75
|
||||||||||||||
Balance May 2, 2020
|
130,696
|
$
|
51.56
|
1.7
|
-
|
$
|
-
|
|||||||||||||
Exercisable May 2, 2020
|
129,196
|
$
|
52.11
|
1.7
|
-
|
$
|
-
|
(1) |
Other Share Awards include deferred shares granted to Directors and restricted share units granted to executive officers.
|
Thirteen Weeks Ended
|
||||||||
(amounts in thousands)
|
May 2,
2020
|
May 4,
2019
|
||||||
Service cost
|
$
|
-
|
$
|
14
|
||||
Interest cost
|
89
|
142
|
||||||
Amortization of net gain(1)
|
(3
|
)
|
(5
|
)
|
||||
Net periodic pension cost
|
$
|
86
|
$
|
151
|
(1)
|
The amortization of net gain is related to a director retirement plan previously provided by the Company.
|
Thirteen Weeks Ended
|
||||||||
(in thousands, except per share amounts)
|
May 2,
2020
|
May 4,
2019
|
||||||
Loss from continuing operations
|
$
|
(5,406
|
)
|
$
|
(4,346
|
)
|
||
Basic and diluted loss per common share from continuing operations
|
$
|
(2.97
|
)
|
$
|
(2.39
|
)
|
||
Loss from discontinued operations
|
$
|
-
|
$
|
(3,456
|
)
|
|||
Basic and diluted loss per common share from discontinued operations
|
$
|
-
|
$
|
(1.91
|
)
|
|||
Net loss
|
$
|
(5,406
|
)
|
$
|
(7,802
|
)
|
||
Basic and diluted loss per common share
|
$
|
(2.97
|
)
|
$
|
(4.30
|
)
|
||
Weighted average number of common shares outstanding – basic and diluted
|
1,820
|
1,816
|
•
•
•
•
|
Partner Obsession
Insights Driven
Simplicity
Innovation
|
•
•
•
|
Results
Ownership
Diversity and Teamwork
|
Thirteen Weeks Ended
|
Change
|
|||||||||||||||
(amounts in thousands)
|
May 2, 2020
|
May 4, 2019
|
$
|
%
|
||||||||||||
Net Revenue
|
$
|
31,589
|
$
|
35,132
|
$
|
(3,543
|
)
|
-10.1
|
%
|
|||||||
Gross profit
|
3,312
|
2,777
|
535
|
19.3
|
%
|
|||||||||||
% to sales
|
10.5
|
%
|
7.9
|
%
|
May 2,
2020
|
May 4,
2019
|
Change
|
||||||||||
Amazon US
|
95.1
|
%
|
95.9
|
%
|
-0.8
|
%
|
||||||
Amazon International
|
3.9
|
%
|
3.4
|
%
|
0.5
|
%
|
||||||
Walmart & other marketplaces
|
0.5
|
%
|
0.4
|
%
|
0.1
|
%
|
||||||
Subtotal Retail
|
99.5
|
%
|
99.7
|
%
|
-0.2
|
%
|
||||||
Subscriptions
|
0.5
|
%
|
0.3
|
%
|
0.2
|
%
|
||||||
Total
|
100.0
|
%
|
100.0
|
%
|
Thirteen Weeks Ended
|
Change
|
||||||||||||||||
(amounts in thousands)
|
May 2,
2020 |
May 4,
2019 |
$ |
|
%
|
||||||||||||
etailz SG&A
|
$
|
4,090
|
$
|
4,251
|
$
|
(161
|
)
|
-3.8
|
%
|
||||||||
Corporate SG&A expenses
|
4,400
|
2,727
|
(1)
|
1,673
|
61.3
|
%
|
|||||||||||
Total SG&A expenses
|
$
|
8,490
|
$
|
6,978
|
$
|
1,512
|
21.7
|
%
|
|||||||||
As a % of total revenue
|
26.9
|
%
|
19.9
|
%
|
As of or for the
Thirteen Weeks Ended
|
Change
|
|||||||||||||
(amounts in thousands)
|
May 2,
2020
|
May 4,
2019
|
|
$ |
||||||||||
Operating Cash Flows
|
(6,516
|
)
|
(6,182
|
)
|
(334
|
)
|
||||||||
Investing Cash Flows
|
11,479
|
(799
|
)
|
12,278
|
||||||||||
Financing Cash Flows
|
(1,139
|
)
|
3,072
|
(4,211
|
)
|
|||||||||
Capital Expenditures
|
(1
|
)
|
(300
|
)
|
(842
|
)
|
542
|
|||||||
Cash, Cash Equivalents, and Restricted Cash
|
(2
|
)
|
12,676
|
10,317
|
2,359
|
|||||||||
Merchandise Inventory
|
17,157
|
20,085
|
(2,928
|
)
|
(1)
|
Included in Investing Cash Flows
|
||||||||
(2)
|
Cash and cash equivalents per condensed consolidated balance sheets
|
$
|
7,078
|
$
|
3,822
|
||||
Add: restricted cash
|
5,598
|
6,495
|
|||||||
Cash, cash equivalents, and restricted cash
|
$
|
12,676
|
$
|
10,317
|
(A) Exhibits - Exhibit No.
|
|
Description
|
|
Chief Executive Officer certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|||
Chief Financial Officer certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|||
Certification pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|||
101.INS
|
XBRL Instance Document (furnished herewith)
|
||
101.SCH
|
XBRL Taxonomy Extension Schema (furnished herewith)
|
||
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase (furnished herewith)
|
||
101.DEF
|
XBRL Taxonomy Extension Definition Linkbase (furnished herewith)
|
||
101.LAB
|
XBRL Taxonomy Extension Label Linkbase (furnished herewith)
|
||
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase (furnished herewith)
|
July 31, 2020
|
By: /s/ Kunal Chopra
|
|
Kunal Chopra
|
||
Principal Executive Officer
|
||
(Principal Executive Officer)
|
||
July 31, 2020
|
By: /s/ Edwin Sapienza
|
|
Edwin Sapienza
|
||
Chief Financial Officer
|
||
(Principal and Chief Accounting Officer)
|