As previously announced, the Company has faced significant challenges in recent months and has implemented a new business strategy, alongside a significant cost cutting exercise, in order to address these conditions. These challenges have included a significant and unexpected increase in cost and lead-times of the components on which the Company's technology is embedded, following the global components shortage as a result of the global pandemic. This resulted in an increased financial strain on the Company. Several of the Company's substantial customers have experienced financial difficulties themselves due to the global pandemic and subsequent challenges in the capital markets. This has resulted in the Company having difficulties in collecting customers' outstanding debts.