Bloomia Holdings, Inc 10-K, filed Mar 9, 2022

Bloomia Holdings, Inc. (TULP)

10-K 2022-03-09 For: 2021-12-31

Added on April 11, 2026

About this 10-K

Bloomia Holdings, Inc filed this 10-K on March 9, 2022, covering the fiscal year ended December 31, 2021.

Headline figures

Fiscal year ended December 31, 2021, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $19.5M; up 11.6% from $17.48M a year earlier
Net loss: $3.53M; compared with a net loss of $4.62M a year earlier
Diluted EPS: -$2.01; compared with -$2.66 a year earlier

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Minnesota		41-1656308
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, $0.01 par value		ISIG		The Nasdaq Stock Market LLC

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

PART I.		Page
Item 1.	Business		3
Item 1A.	Risk Factors		7
Item 1B.	Unresolved Staff Comments		12
Item 2.	Properties		12
Item 3.	Legal Proceedings		12
Item 4.	Mine Safety Disclosures		12
PART II.
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities		13
Item 6.	[Reserved]		13
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		13
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk		18
Item 8.	Financial Statements and Supplementary Data		19
Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosures		38
Item 9A.	Controls and Procedures		38
Item 9B.	Other Information		39
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections		39
PART III.
Item 10.	Directors, Executive Officers and Corporate Governance		40
Item 11.	Executive Compensation		41
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters		41
Item 13.	Certain Relationships and Related Transactions and Director Independence		41
Item 14.	Principal Accountant Fees and Services		41

PART IV.
Item 15.	Exhibits and Financial Statement Schedules		42
Item 16.	Form 10-K Summary		43
SIGNATURES			44

	·	Building and sustaining client relationships;

	·	Increasing overall sales pipeline and revenue; and

	·	Continued retail and brand expertise.

	1.	Shopper Behavior: Even prior to the start of the pandemic, shopper behavior was evolving. The rise of surrogate shopper services, drive-up pick-up services or pick-up in store have put the shopper in the driver seat to shop when, where and how they want. Retailers are competing on convenience more than ever and brands are increasingly fighting to stand out from their competition.

	2.	Brand Fragmentation: Consumer loyalty is shifting from established to emerging brands, who often are launching in retail for the first time and are looking for solutions to help them be discovered.

	3.	Financial Justification: Brands remain diligently focused on top and bottom-line financial metrics, which drives increased pressure to deliver not only breakthrough design and creativity but also at a competitive price that delivers the return on their investment.

	4.	Supply Chain Disruptions and Commodity Price Increases: Primarily because of COVID-19 our clients and vendor partners have experienced longer than normal lead-times on shipping and fulfillment as well as overall cost increases on raw materials for inputs. We expect these trends to continue in 2022.

	1.	Our Merchandising Solutions are designed to help brands get discovered, build awareness and drive impulse purchases via a secondary or often permanent placement of their products. Our merchandising solutions include a variety of fully customized temporary, semi-permanent and permanent displays, that brands leverage to grow their sales.

	2.	Our On-Pack Solutions appear on the individual product package and are designed to drive awareness, impulse purchases, and capture market share within a very short period. On-pack solutions include BoxTalk^TM, coupons, recipes, and cross-promotions.

	3.	Our In-Store Signage Solutions, which include POPS signs, help brands achieve a variety of objectives that include awareness and sales lift. The in-store signage solutions are placed perpendicular to the shelf and are designed to attract the attention of the shopper even before they arrive in front of the shelf to consider the purchase of a product.

	·	Increasing awareness of our corporate brand;

	·	Analyzing the effectiveness of executed offerings; and

	·	Developing and commercializing new and existing solutions.

	·	Best-in-class execution across our portfolio of product solutions;

	·	Broad client-base of brands inclusive of large Fortune 500 companies, and emerging start-ups;

	·	Managing and providing turn-key access to a national network of retailers;

	·	Imagination, responsiveness, and hunger to help move our clients’ business forward; and

	·	Our extensive broad retail and brand expertise.

	1.	Accelerate Display. Double down on our display capabilities and offerings. Strategically expand overall market outreach aligned with our capabilities and knowledge. Enhance internal capabilities for added client benefit.

	2.	Grow On-Pack. Increase overall product offerings via innovation. Broaden overall market reach with strategic partners and clients.

	3.	Streamline Signage. Optimize sales with targeted outreach and strategic clients. Continue to streamline overall day-to-day operations with outsourced manufacturing partners and execution process. Collaborate with retail partners with an optimized investment approach.

	4.	Invest in our Future. Continue to recruit and retain top talent. Thoughtfully invest in strategic resources that result in employee development, customer satisfaction and increased revenues.

	·	Brand determinations to purchase solutions from us versus competitor solutions;
	·	Promotional timing and new product launches by brands;
	·	Brand budget fluctuations and amounts allocated to in-store or digital tactics versus other tactics;
	·	Quantity and quality of retailer locations into which we are authorized to execute our in-store solutions;
	·	Changes in the salability and breadth of our retailer network; and
	·	Category seasonality of in-store executions.

	·	Employee Engagement. We believe in regular engagement with our full team, whether that is starting off our week together in our Monday Huddle meetings, celebrating nominated employees for quarterly recognition or enjoying events our Employee Engagement committee plans. We also take employees’ feedback and concerns to heart and leverage this to help enhance our employee experience. Ultimately, this promotes retention and the overall success of our organization.

	·	Talent Development. We have all our employees participate in annual development plans where we focus on both employee strengths and opportunities. In 2021, 15% of our employees advanced their careers with earned promotions based on their development and performance. Based on our employees’ needs, we can provide them a wide range of both formal and informal development opportunities. As an example, in 2021, we invested in new software for our design and creative team to further enhance our capabilities and output to our clients.

	·	Focus on Safety. The safety of our employees is a priority. In response to the COVID-19 pandemic, we implemented significant changes that we determined were in the best interest of our employees, that included giving many of our employees the flexibility to work from home.

	·	Diversity, Equity and Inclusion. We recognize that our best performance comes when we have a team built off of diversity, equity and inclusion. In 2021, we reemphasized our focus when we were recognized by Minnesota Census of Women in Corporate Leadership for diversity in both our boardroom and executive leadership teams. In addition, we selected Strive Publishing, a local publisher whose mission is to inspire community collaboration in publishing stories to heal, teach, learn, and earn while building an ecosystem that embodies a rich Black culture and heritage for a donation around Juneteenth.

	·	Compensation and Benefits. We provide robust compensation and benefits. In addition to salaries, these programs, can include annual bonuses, stock-based compensation awards, a 401(k) plan with employee matching opportunities, healthcare and insurance benefits, health savings and flexible spending accounts, paid time off, family leave, family care resources, flexible work schedules, adoption and surrogacy assistance, employee assistance programs, and on-site services.

	·	the addition or loss of customers or changes in timing and amount of our customers’ spending with us;
	·	the timing of seasonal events for customers;
	·	costs of evaluating and developing new products, and customers accepting new products;
	·	the timing of additional selling, marketing and general and administrative expenses;
	·	competitive conditions in our industry; and
	·	the addition or loss of contracts with retailers.

For the Years Ended December 31	2021			2020
Net sales		100.0	%		100.0	%
Cost of sales		83.5			83.7
Gross profit		16.5			16.3
Operating expenses:
Selling		9.9			16.5
Marketing		5.3			5.8
General and administrative		25.9			22.8
Gain on sale		—			(1.1	)
Total operating expenses		41.1			44.0
Operating loss		(24.6	)		(27.7	)
Other income		6.7			0.2
Loss before taxes		(17.9	)		(27.5	)
Income tax expense (benefit)		0.2			(1.1	)
Net loss		(18.1	)%		(26.4	)%

Report of Independent Registered Public Accounting Firm (PCAOB ID 23)			20

Balance Sheets as of December 31, 2021 and 2020			21

Statements of Operations for the years ended December 31, 2021 and 2020			22

Statements of Shareholders’ Equity for the years ended December 31, 2021 and 2020			23

Statements of Cash Flows for the years ended December 31, 2021 and 2020			24

Notes to Financial Statements			25

·	Testing the accuracy and completeness of the products and services sales transactions that were included in the sales tax analysis.
·	Testing a sample of customer responses received by the Company to validate the completeness of the accrual.
·	Evaluating the process management used to estimate the sales tax liability for customers who did not respond to management’s inquiries regarding taxability.
·	Involving internal sales tax professionals to assist in assessing each type of product and service to determine whether or not it is taxable, as well as the sales tax rates utilized and related interest and penalty calculations.
·	Evaluating the process that management used to estimate the sales tax liability and the estimate regarding the collectability related to proposed billings to customers of sales tax by reviewing underlying documentation analyzed by the Company to support its estimates.
·	Testing the mathematical accuracy of the model used by management to calculate estimated sales tax, interest and penalties.

As of December 31	2021			2020
ASSETS
Current Assets:
Cash and cash equivalents	$	3,766,000		$	7,128,000
Restricted cash		85,000			—
Accounts receivable, net		5,247,000			5,857,000
Inventories		19,000			85,000
Income tax receivable		4,000			241,000
Prepaid production costs		867,000			376,000
Other prepaid expense		366,000			335,000
Total Current Assets		10,354,000			14,022,000

Other Assets:
Property and equipment, net		113,000			75,000
Operating lease right-of-use assets		183,000			37,000
Other, net		—			155,000

Total Assets	$	10,650,000		$	14,289,000

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable		2,539,000			3,148,000
Accrued liabilities:
Compensation		464,000			424,000
Sales tax		1,287,000			1,011,000
Other		1,430,000			1,071,000
Current portion of long-term debt		—			464,000
Current portion of operating lease liabilities		76,000			56,000
Deferred revenue		842,000			180,000
Total Current Liabilities		6,638,000			6,354,000

Long-Term Liabilities:
Accrued income taxes		711,000			677,000
Long-term debt		—			590,000
Operating lease liabilities		108,000			—
Total Long-Term Liabilities		819,000			1,267,000

Commitments and Contingencies		—			—

Shareholders’ Equity:
Common stock, par value $.01:
Authorized shares - 5,714,000
Issued and outstanding shares - 1,782,000 and 1,748,000 at December 31, 2021 and 2020, respectively		18,000			17,000
Additional paid-in capital		16,296,000			16,238,000
Accumulated deficit		(13,121,000	)		(9,587,000	)
Total Shareholders’ Equity		3,193,000			6,668,000

Total Liabilities and Shareholders’ Equity	$	10,650,000		$	14,289,000

Year Ended December 31	2021			2020
Services revenues	$	19,503,000		$	16,904,000
Products revenues		—			578,000
Total Net Sales		19,503,000			17,482,000

Cost of services		16,273,000			13,934,000
Cost of goods sold		—			533,000
Impairment loss - services		—			159,000
Total Cost of Sales		16,273,000			14,626,000
Gross Profit		3,230,000			2,856,000

Operating Expenses:
Selling		1,931,000			2,877,000
Marketing		1,032,000			1,015,000
General and administrative		5,058,000			3,998,000
Gain on sale of business		—			(195,000	)
Total Operating Expenses		8,021,000			7,695,000
Operating Loss		(4,791,000	)		(4,839,000	)

Other income (expense)
Gain on forgiveness of debt and accrued interest		1,062,000			—
Benefit from Employee Retention Credit		273,000			—
Interest expense, net		(36,000	)		(32,000	)
Miscellaneous		—			65,000
Other income		1,299,000			33,000
Loss Before Taxes		(3,492,000	)		(4,806,000	)

Income tax expense (benefit)		42,000			(191,000	)
Net Loss	$	(3,534,000	)	$	(4,615,000	)

Net loss per share:
Basic	$	(2.01	)	$	(2.66	)
Diluted	$	(2.01	)	$	(2.66	)

Shares used in calculation of net loss per share:
Basic		1,760,000			1,734,000
Diluted		1,760,000			1,734,000

	Common Stock				Additional Paid-In			Accumulated
	Shares		Amount		Capital			Deficit			Total
Balance at January 1, 2020		1,725,000	$	16,000	$	16,039,000		$	(4,972,000	)	$	11,083,000
Issuance of common stock, net		5,000		—		20,000			—			20,000
Vesting of restricted stock units offset by repurchase of common stock upon vesting of restricted stock units and awards		16,000		1,000		(2,000	)		—			(1,000	)
Value of stock-based compensation		—		—		172,000			—			172,000
Common stock issued for accrued liabilities		—		—		9,000						9,000
Restricted stock award issuance		2,000		—		—			—			—
Net loss		—		—		—			(4,615,000	)		(4,615,000	)
Balance at December 31, 2020		1,748,000		17,000		16,238,000			(9,587,000	)		6,668,000

Issuance of common stock, net		6,000		1,000		26,000			—			27,000
Repurchase of common stock upon vesting of restricted stock units		28,000		—		(200,000	)		—			(200,000	)
Value of stock-based compensation		—		—		232,000			—			232,000
Net loss		—		—		—			(3,534,000	)		(3,534,000	)
Balance at December 31, 2021		1,782,000	$	18,000	$	16,296,000		$	(13,121,000	)	$	3,193,000

Insignia Systems, Inc.
STATEMENTS OF CASH FLOWS

Year Ended December 31	2021			2020
Operating activities:
Net loss	$	(3,534,000	)	$	(4,615,000	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		60,000			477,000
Impairment loss		—			159,000
Gain on sale of business		—			(195,000	)
(Gain) Loss on sale of property and equipment		(6,000	)		35,000
Changes in allowance for doubtful accounts		87,000			203,000
Stock-based compensation expense		232,000			172,000
Gain on forgiveness of debt and accrued interest		(1,062,000	)		—
Changes in operating assets and liabilities:
Accounts receivable		523,000			1,679,000
Inventories		66,000			135,000
Income tax receivable		237,000			(115,000	)
Prepaid production cost, and other		(392,000	)		(327,000	)
Accounts payable		(572,000	)		115,000
Accrued liabilities		665,000			623,000
Accrued income taxes		34,000			34,000
Deferred revenue		662,000			40,000
Net cash used in operating activities		(3,000,000	)		(1,580,000	)

Investing activities:
Purchases of property and equipment		(106,000	)		(61,000	)
Proceeds from sale of custom print business		—			200,000
Proceeds from sale of property and equipment		16,000			—
Net cash provided by (used in) investing activities		(90,000	)		139,000

Financing activities:
Cash dividends paid ($0.70 per share)		(14,000	)		(14,000	)
Proceeds from issuance of common stock, net		27,000			20,000
Repurchase of common stock upon vesting of restricted stock awards and vesting of restricted stock units		(200,000	)		(1,000	)
Proceeds from PPP Loan		—			1,054,000
Net cash provided by (used in) financing activities		(187,000	)		1,059,000

Decrease in cash and cash equivalents and restricted cash		(3,277,000	)		(382,000	)

Cash and cash equivalents and restricted cash at beginning of year		7,128,000			7,510,000
Cash and cash equivalents and restricted cash at end of year	$	3,851,000		$	7,128,000

Supplemental disclosures for cash flow information:
Cash (paid) refunded during the year for income taxes	$	230,000		$	(112,000	)

Non-cash investing and financing activities:
Purchase of property and equipment included in accounts payable	$	13,000		$	11,000
Common stock issued for accrued liabilities		—		$	9,000
Receivables recorded from sale of custom print business		—		$	100,000
Receivables recorded from sale of property and equipment		—		$	195,000
Operating lease right of use asset obtained in exchange for lease obligations	$	219,000			—

	December 31, 2021		December 31, 2020
Cash and cash equivalents	$	3,766,000	$	7,128,000
Restricted cash		85,000		—
Total cash and cash equivalents and restricted cash	$	3,851,000	$	7,128,000

December 31	2021			2020
Beginning balance	$	268,000		$	65,000
Bad debt provision		71,000			203,000
Accounts written-off		111,000			—
Recoveries		(95,000	)		—
Ending balance	$	355,000		$	268,000

Production tooling, machinery and equipment	1 – 6 years
Office furniture and fixtures	1 – 3 years
Computer equipment and software	3 – 5 years
Leasehold improvements	1 –3 years

	Year ended December 31, 2021
	Services Revenues		Products Revenue		Total Revenue
Timing of revenue recognition:
Products and services transferred over time	$	6,659,000	$	—	$	6,659,000
Products and services transferred at a point in time		12,844,000		—		12,844,000
Total	$	19,503,000	$	—	$	19,503,000

		Year ended December 31, 2020
	Services Revenues		Products Revenue		Total Revenue
Timing of revenue recognition:
Products and services transferred over time	$	10,670,000	$	—	$	10,670,000
Products and services transferred at a point in time		6,234,000		578,000		6,812,000
Total	$	16,904,000	$	578,000	$	17,482,000

Balance at December 31, 2020	$	180,000
Reclassification of beginning deferred revenue to revenue, as a result of performance obligations satisfied		(180,000	)
Cash received in advance and not recognized as revenue		842,000
Balance at December 31, 2021	$	842,000

	2021			2020
Property and Equipment:
Production tooling, machinery and equipment	$	27,000		$	2,349,000
Office furniture and fixtures		95,000			425,000
Computer equipment and software		753,000			1,447,000
Leasehold improvements		19,000			—
Construction in-progress		4,000			17,000
		898,000			4,238,000
Accumulated depreciation and amortization		(785,000	)		(4,163,000	)
Net Property and Equipment	$	113,000		$	75,000

	Year ended December 31, 2021
	Prior Corporate		Corporate		Additional				Operating
	Headquarters		Headquarters		Office Space		Warehouse		Leases
Operating lease cost	$	38,000	$	28,000	$	—	$	13,000	$	79,000
Variable lease cost		24,000		16,000		—		12,000		52,000
Short-term lease cost		—		—		28,000		—		28,000
Total	$	62,000	$	44,000	$	28,000	$	25,000	$	159,000

	Year ended December 31, 2020
	Prior Corporate		Corporate		Additional				Operating
	Headquarters		Headquarters		Office Space		Warehouse		Leases
Operating lease cost	$	150,000	$	—	$	—	$	—	$	150,000
Variable lease cost		104,000		—		—		—		104,000
Short-term lease cost		—		—		40,000		—		40,000
Total	$	254,000	$	—	$	40,000	$	—	$	294,000

2022	$	83,000
2023		72,000
2024		40,000
Total lease payments	$	195,000
Less: Interest		(11,000	)
Present value of lease liabilities	$	184,000

	2021			2020
Stock Purchase Plan Options:
Expected life (years)		1.0			1.0
Expected volatility		142	%		59	%
Dividend yield		0	%		0	%
Risk-free interest rate		0.1	%		1.6	%

	Plan Shares Available for Grant			Plan Options Outstanding			Weighted Average Exercise Price Per Share		Aggregate Intrinsic Value
Balance at January 1, 2020		117,661			42,416		$	16.66
Restricted stock units and awards granted - 2018 Plan		(31,782	)		—
Cancelled or forfeited - 2018 Plan options		1,070			(1,070	)		13.65
Cancelled or forfeited - 2018 Plan restricted stock and restricted stock units		3,091			—			9.58
Cancelled or forfeited - 2013 Plan options		2,241			(2,241	)		15.54
Cancelled or forfeited - 2013 Plan restricted stock and restricted stock units		1,450			—			13.34
Cancelled or forfeited - 2003 Plan options		—			(8,607	)		24.23
Balance at December 31, 2020		93,731			30,498			14.69

Restricted stock units and awards granted - 2018 Plan		(5,514	)		—
Cancelled or forfeited - 2018 Plan options		2,584			(2,584	)		13.36
Cancelled or forfeited - 2018 Plan restricted stock and restricted stock units		5,508			—			8.69
Stock options exercised		—			(1,973	)		13.59	$	17,100
Cancelled or forfeited - 2013 Plan options		292			(292	)		15.54
Cancelled or forfeited - 2013 Plan restricted stock and restricted stock units		1,047			—			12.39
Cancelled or forfeited - 2003 Plan options		—			(6,527	)		19.66
Balance at December 31, 2021		97,648			19,122		$	13.23

	Options Outstanding							Options Exercisable
Ranges of Exercise Prices	Number Outstanding		Weighted Average Remaining Contractual Life			Weighted Average Exercise Price Per Share		Number Exercisable		Weighted Average Exercise Price Per Share
$8.26 - $13.65		13,759		5.07	years	$	12.33		10,363	$	11.90
$15.54 - $21.63		5,363		2.39	years		15.54		5,363		15.54
		19,122		4.32	years	$	13.23		15,726	$	13.14

	Number of Shares			Weighted average grant date fair value
Unvested shares at January 1, 2020		44,659		$	12.16
Granted		31,782			6.00
Vested		(22,315	)		11.36
Forfeited or surrendered		(4,162	)		10.30
Unvested shares at December 31, 2020		49,964		$	8.76
Granted		5,514			8.16
Vested		(40,392	)		8.33
Forfeited or surrendered		(6,555	)		9.28
Unvested shares at December 31, 2021		8,531		$	10.01

Balance at January 1, 2020	$	643,000
Increases due to interest and state tax		34,000
Balance at December 31, 2020		677,000
Increases due to interest and state tax		34,000
Balance at December 31, 2021	$	711,000

Name	Age	Position
Kristine A. Glancy	44	President, Chief Executive Officer and Secretary
Adam D. May	38	Chief Growth Officer
Zackery A. Weber	42	Vice President of Finance

Exhibit Number	Description	Incorporated by Reference To
3.1	Restated Articles of Incorporation (effective as of January 4, 2021)	Exhibit 3.1 to Current Report filed January 6, 2021

3.2	Composite Bylaws, as amended through December 5, 2015	Exhibit 3.2 to Annual Report on Form 10-K for the year ended December 31, 2015

4.1	Description of Securities	Exhibit 4.1 to Annual Report on Form 10-K for the year ended December 31, 2019

*10.1	2003 Incentive Stock Option Plan, as amended	Exhibit 10.1 to Form 8-K filed December 2, 2016

*10.2	Form of Incentive Stock Option Agreement under 2003 Incentive Stock Option Plan	Exhibit 10.1 to Form 8-K filed January 16, 2013

*10.3	2013 Omnibus Stock and Incentive Plan, as amended	Exhibit 10.2 to Form 8-K filed December 2, 2016

*10.4	Form of Incentive Stock Option Agreement under 2013 Omnibus Stock and Incentive Plan	Exhibit 10.1 to Form 8-K filed August 23, 2013

*10.5	Form of Restricted Stock Unit Agreement for Employees under 2013 Omnibus Stock and Incentive Plan	Exhibit 10.1 to Form 8-K filed May 28, 2014

*10.6	Form of Restricted Stock Award Agreement for Employees under the 2013 Omnibus Stock and Incentive Plan	Exhibit 10.1 to Form 10-Q for the quarterly period ended September 30, 2017

*10.7	2018 Equity Incentive Plan	Exhibit 99.1 to Registration Statement on Form S-8, Reg. No. 333-226670

*10.8	Form of Non-Qualified Stock Option Agreement under 2018 Equity Incentive Plan	Exhibit 10.1 to Form 8-K filed August 14, 2018

*10.9	Form of Restricted Stock Unit Agreement under 2018 Equity Incentive Plan	Exhibit 10.2 to Form 8-K filed August 14, 2018

*10.10	Form of Restricted Stock Unit Agreement for Non-Employee Directors under the 2018 Equity Incentive Plan	Exhibit 10.1 to Form 10-Q for the quarterly period ended June 30, 2019

*10.11	Employee Stock Purchase Plan, as amended	Exhibit 99.2 to Registration Statement on Form S-8, filed August 8, 2018

*10.12	Deferred Compensation Plan for Directors	Exhibit 10.1 to Form 10-Q for the quarterly period ended March 31, 2018

*10.13	Employment Agreement with Kristine Glancy dated April 8, 2016	Exhibit 10.1 to Form 8-K filed April 13, 2016

*10.14	Change in Control Severance Agreement with Kristine Glancy dated April 8, 2016	Exhibit 10.2 to Form 8-K filed April 13, 2016

*10.15	First Amendment to Change in Control Agreement with Kristine A. Glancy dated April 28, 2018	Exhibit 10.1 to Form 10-Q for the quarterly period ended March 31, 2019

*10.16	Employment Agreement with Adam May dated December 20, 2019	Exhibit 10.18 to Annual Report on Form 10-K for the year ended December 31, 2019

*10.17	Change in Control Agreement with Adam May dated December 20, 2019	Exhibit 10.19 to Annual Report on Form 10-K for the year ended December 31, 2019