Company: ATLCL
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025502
Chunk: 91

Company: Atlanticus Holdings Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 91
---
 us;

     •
     hallucinations in our models;

     •
     competition from various sources providing similar financial products, or other alternative sources of credit, to consumers;

     •
     the adequacy of our allowances for credit losses and estimates of loan losses used within our risk management and analyses;

     •
     the possible impairment of assets;

     •
     our ability to manage costs in line with the expansion or contraction of our various business lines;

     •
     our relationship with (i) the merchants that participate in private label credit operations and (ii) the banks that issue credit cards and provide certain other credit products utilizing our technology platform and related services;

     •
     our business, financial condition and results of operations may be adversely affected by merchants’ increasing focus on the fees charged by credit and debit card networks and by legislation and regulation impacting such fees;

     •
     any decline in the use of cards as a payment mechanism or other adverse developments with respect to the credit card industry in general;

     •
     increases or decreases in interest rates and uncertainty with respect to the interest rate environment; and

     •
     theft and employee errors.

       44

Most of these factors are beyond our ability to predict or control. Any of these factors, or a combination of these factors, could materially affect our future financial condition or results of operations and the ultimate accuracy of our forward-looking statements. There also are other factors that we may not describe (because we currently do not perceive them to be material) that could cause actual results to differ materially from our expectations.

We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

      ITEM 3. 
      QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 

As a "smaller reporting company," as defined by Item 10 of Regulation S-K, we are not required to provide this information.

      ITEM 4. 
      CONTROLS AND PROCEDURES 

Evaluation of disclosure controls and procedures

As of December 31, 2024, the Company’s management, including the principal executive officer and principal financial officer concluded that our disclosure controls and procedures were not effective as of December 31, 2024 because a material weakness in our internal control over financial reporting existed related to management’s failure to adequately