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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM 10Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
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A smaller reporting company is a public company that has a public float of less than $250 million or annual revenues of less than $100 million, which allows it to take advantage of scaled disclosure requirements under securities regulations.
Companies that meet the criteria of having a public float below $250 million or annual revenues below $100 million are required to file as smaller reporting companies.
To fill out the smaller reporting company forms, companies must comply with the SEC's instructions for the appropriate reporting forms, providing necessary financial information, disclosures, and ensuring accurate reporting as defined in the regulations.
The purpose of the smaller reporting company designation is to reduce the regulatory burden on smaller companies, making it easier for them to comply with reporting requirements while still providing investors with adequate information.
Smaller reporting companies must report information such as financial statements, management discussion and analysis, executive compensation, and any material events affecting their business.
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