SEC Filing Summary: Dataram Corporation (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed by Dataram Corporation on August 14, 2012, reporting an event that occurred on August 10, 2012. The registrant is incorporated in New Jersey. Note: The input metadata referenced "U.S. Gold Corp.", but the filing text explicitly identifies the registrant as Dataram Corporation.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on a contractual amendment regarding the company's loan agreement.
Material Changes
On August 10, 2012, the Company entered into Amendment No. 1 to its Amended and Restated Schedule to its Loan and Security Agreement, originally executed on July 27, 2010. The material change involves the definition of "Tangible Net Worth," which has been modified to allow for the inclusion of leasehold improvements.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific terms of the loan amendment. No unusual items were reported.
Investor Verification Checklist
- Verify the full text of Amendment No. 1 (Exhibit 10.3) to understand the specific calculation changes for Tangible Net Worth.
- Confirm the impact of including leasehold improvements on the company's compliance with existing debt covenants.
- Review the original Loan and Security Agreement dated July 27, 2010, to assess the baseline terms prior to this amendment.