Business & 1 & 1A. Risk Factors & 13 & 1B. Unresolved Staff Comments & 38 & 2. Directors, Executive Officers and Corporate Governance & 48 & 11. 9679; RF - radio frequency. & & &# 9679; Tier one - a supplier or OEM with substantial market share. & & &# Commercial development of new technology, by its nature, is unpredictable. The RFFE must meet growing data demands while reducing cost and improving battery life. This customer asked us to produce five additional S-band filters on July 19, 2019. Some applications, however, may not result in the issuance of any patents. We may not generate sufficient revenues to achieve profitability. & Our ability to manufacture products may be materially adversely impacted by COVID-19. & 14 & & Our sales may be materially adversely impacted by COVID-19. & The markets in which we compete are intensely competitive. We face risks associated with the operation of our manufacturing facility. & A significant portion of our potential customer base is in China. We have incurred losses since our incorporation and formation in 2014. The effects of regulation may materially and adversely impact our business. As a result, they are subject to an inherent degree of uncertainty. The Company accounts for the impact of forfeitures as they occur. & Payments under the PPP Loan are deferred for the first sixteen months of its term. ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. & Not applicable & 46 & & & & ITEM 8. The Company adopted the standard during the first quarter of fiscal year 2020. The transfer of title occurs according to the purchase order (contract) specification. Generally, all contracts include fixed consideration. The notes will mature on May 31, 2023, unless earlier converted, redeemed or repurchased. No additional shares will be issued under the 2015 Plan or the 2016 Plan. The Company settles awards issued under the ESPP with newly issued common shares.& Accordingly, this provision does not currently apply to us. & I have reviewed this Annual Report on Form 10-K of Akoustis Technologies, Inc.; & & 2. Federal research credits of $0.9 million will expire beginning in 2034 if not utilized. Amount refer to common stock issued in payment of note interest. Amount of contingent real estate liability. Represent information about the description of penalty. The amount represents filters amps revenue. It represents value of change in fair value of contingent real estate liability. Percentage of convertible senior secured notes.
