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Wiki	Wiki Summary
Human impact on the environment	Human (or anthropogenic) impact on the environment refers to changes to biophysical environments and to ecosystems, biodiversity, and natural resources caused directly or indirectly by humans. Modifying the environment to fit the needs of society is causing severe effects including global warming, environmental degradation (such as ocean acidification), mass extinction and biodiversity loss, ecological crisis, and ecological collapse.
Financial market	A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets as commodities.
Network management	Network management is the process of administering and managing computer networks. Services provided by this discipline include fault analysis, performance management, provisioning of networks and maintaining quality of service.
Caregiver stress	Caregiver syndrome or caregiver stress is a condition that strongly manifests exhaustion, anger, rage, or guilt resulting from unrelieved caring for a chronically ill patient. This condition is not listed in the United States' Diagnostic and Statistical Manual of Mental Disorders, although the term is often used by many healthcare professionals in that country.
Home care	Homecare (also spelled as home care) is health care or supportive care provided by a professional caregiver in the individual home where the patient or client is living, as opposed to care provided in group accommodations like clinics or nursing home. Homecare is also known as domiciliary care, social care or in-home care.
Atlanta Public Schools	Atlanta Public Schools (APS) is a school district based in Atlanta, Georgia, United States. It is run by the Atlanta Board of Education with superintendent Dr.
McMartin preschool trial	The McMartin preschool trial was a day care sexual abuse case in the 1980s, prosecuted by the Los Angeles District Attorney Ira Reiner. Members of the McMartin family, who operated a preschool in Manhattan Beach, California, were charged with hundreds of acts of sexual abuse of children in their care.
Compulsory education	Compulsory education refers to a period of education that is required of all people and is imposed by the government. This education may take place at a registered school or at other places.
Cost–benefit analysis	Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives. It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements.
Cost of electricity by source	Different methods of electricity generation can incur a variety of different costs, which can be divided into three general categories: 1) wholesale costs, or all costs paid by utilities associated with acquiring and distributing electricity to consumers, 2) retail costs paid by consumers, and 3) external costs, or externalities, imposed on society.\nWholesale costs include initial capital, operations & maintenance (O&M), transmission, and costs of decommissioning.
List of highest-funded crowdfunding projects	This is an incomplete list of the highest-funded crowdfunding projects (including projects which failed to achieve funding).
University of Buckingham	The University of Buckingham (UB) is a non-profit private university in Buckingham, England and the oldest of the country's five private universities. It was founded as the University College at Buckingham (UCB) in 1973, admitting its first students in 1976.
Citation signal	In law, a citation or introductory signal is a set of phrases or words used to clarify the authority (or significance) of a legal citation as it relates to a proposition. It is used in citations to present authorities and indicate how those authorities relate to propositions in statements.
Pay grade	A pay grade is a unit in systems of monetary compensation for employment. It is commonly used in public service, both civil and military, but also for companies of the private sector.
Amazon S3	Amazon S3 or Amazon Simple Storage Service is a service offered by Amazon Web Services (AWS) that provides object storage through a web service interface. Amazon S3 uses the same scalable storage infrastructure that Amazon.com uses to run its e-commerce network.
Laurus International School of Science Tokyo	Laurus International School of Science is a co-ed pre-school, kindergarten and international school based in Tokyo. Laurus takes students from Japan and the international community in the Tokyo area.
Benevolent assimilation	Benevolent assimilation refers to a policy of the United States towards the Philippines as described in a proclamation by U.S. President William McKinley issued in a memorandum to the U.S. Secretary of War on December 21, 1898, following the signing of the treaty which ended the Spanish-American War. It stated that future control, disposition, and government of the Philippine islands had been ceded to the United States and that U.S. military government was to be extended over be to the whole of the ceded territory.
Board of directors	A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. \nThe powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws.
AIDA (marketing)	The AIDA model is just one of a class of models known as hierarchy of effects models or hierarchical models, all of which imply that consumers move through a series of steps or stages when they make purchase decisions. These models are linear, sequential models built on an assumption that consumers move through a series of cognitive (thinking) and affective (feeling) stages culminating in a behavioural (doing e.g.
List of Swiss universities by enrollment	This is a list of Swiss universities and other higher education institutions according to the size of their student population recognized by the Federal Higher Education Act, HEdA.
Post Secondary Enrollment Options	Post Secondary Enrollment Options (PSEO) is an academic option open to high school seniors, juniors and sophomores in various US states, such as Minnesota, Ohio and Washington. The options allow students to take courses at the college level.
Treaty of Paris (1951)	The Treaty of Paris (formally the Treaty establishing the European Coal and Steel Community) was signed on 18 April 1951 between France, Italy, West Germany, Belgium, Luxembourg, and the Netherlands, establishing the European Coal and Steel Community (ECSC), which subsequently became part of the European Union. The treaty came into force on 23 July 1952 and expired on 23 July 2002, exactly fifty years after it came into effect.
Neil Hamilton (politician)	Mostyn Neil Hamilton (born 9 March 1949) is a British politician, former barrister and former teacher who has been leader of the UK Independence Party (UKIP) since 2020. He was the Conservative Member of Parliament (MP) for Tatton from 1983 to 1997 and a UKIP Member of the Senedd (MS) for Mid and West Wales from 2016 to 2021.
Video compression picture types	In the field of video compression a video frame is compressed using different algorithms with different advantages and disadvantages, centered mainly around amount of data compression. These different algorithms for video frames are called picture types or frame types.
Statistical fluctuations	Statistical fluctuations are fluctuations in quantities derived from many identical random processes. They are fundamental and unavoidable.
2016 in American television	The following is a list of events affecting American television in 2016. Events listed include television show debuts, finales, and cancellations; channel launches, closures, and rebrandings; stations changing or adding their network affiliations; and information about controversies and carriage disputes.
United States sanctions	After the failure of the Embargo Act of 1807, the federal government of the United States took little interest in imposing embargoes and economic sanctions against foreign countries until the 20th century. United States trade policy was entirely a matter of economic policy.
List of government space agencies	This is a list of government agencies engaged in activities related to outer space and space exploration.\nAs of 2022, 77 different government space agencies are in existence, 16 of which have launch capabilities.
Caloric deficit	A calorie deficit (British English: calorific deficit) is any shortage in the number of calories consumed relative to the number of calories needed for maintenance of current body weight (energy homeostasis).\nA deficit can be created by decreasing calories consumed by lower food intake, such as by swapping high-calorie foods for lower calorie options or by reducing portion sizes.
Prenatal care	Prenatal care, also known as antenatal care, is a type of preventive healthcare. It is provided in the form of medical checkups, consisting of recommendations on managing a healthy lifestyle and the provision of medical information such as maternal physiological changes in pregnancy, biological changes, and prenatal nutrition including prenatal vitamins, which prevents potential health problems throughout the course of the pregnancy and promotes the mother and child's health alike.The availability of routine prenatal care, including prenatal screening and diagnosis, has played a part in reducing the frequency of maternal death, miscarriages, birth defects, low birth weight, neonatal infections and other preventable health problems.
Tertiary sector of the economy	The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the secondary sector (manufacturing).
Price–earnings ratio	The price-earnings ratio, also known as P/E ratio, P/E, or PER, is the ratio of a company's share (stock) price to the company's earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued.
Free-software license	A free-software license is a notice that grants the recipient of a piece of software extensive rights to modify and redistribute that software. These actions are usually prohibited by copyright law, but the rights-holder (usually the author) of a piece of software can remove these restrictions by accompanying the software with a software license which grants the recipient these rights.
Arthritis	Arthritis is a term often used to mean any disorder that affects joints. Symptoms generally include joint pain and stiffness.
Jessica Stockholder	Jessica Stockholder (born 1959) is a Canadian-American artist known for site-specific installation works and sculptures that are often described as "paintings in space." She came to prominence in the early 1990s with monumental works that challenged boundaries between artwork and display environment as well as between pictorial and physical experience. Her art often presents a "barrage" of bold colors, textures and everyday objects, incorporating floors, walls and ceilings and sometimes spilling out of exhibition sites.

Risk Factors
NOBEL LEARNING COMMUNITIES INC ITEM 1A RISK FACTORS Each of the following risks, individually or in a group, could have a material adverse affect on the Company’s business, results of operations, financial condition or cash flows
Changing Economic Conditions The Company’s revenue and net income are subject to general economic conditions
The Company’s revenues depend, in part, on the number of dual income families and working single parents who require child development, child care, or educational services
A deterioration of general economic conditions may adversely impact the Company because of the tendency of out-of-work parents to diminish or discontinue utilization of these services
In addition, the Company may not be able to increase tuition at a rate consistent with increases in wages, health insurance, and other operating costs or continue tuition increases at historical rates experienced in the industry
The Company’s ability to grow in the future will depend upon a number of factors, including the expansion of services and programs offered by the Company, the maintenance of high quality services and programs, the hiring and training of qualified personnel, and the availability of appropriately located and economically feasible real estate and/or buildings
Sustaining growth may require further enhancements to operational and financial systems and will also depend on the Company’s ability to expand its management and operational workforce
There can be no assurance that the Company will be able to manage its expanding operations effectively or that it will be able to maintain or accelerate its growth
Competition The Company competes for individual enrollment in a highly fragmented market
For enrollment, the Company competes with residential based child care (operated out of the caregiver’s home) and center-based child care which may include work-site child care centers, full and part-time child care centers and preschools, private and public elementary schools and church-affiliated and other not-for-profit providers
In addition, substitutes for organized preschool, child care, and educational services, such as relatives and others caring for a child or home schooling, can represent lower cost alternatives to the Company’s services
Management believes the Company’s ability to compete successfully depends on a number of factors, including qualifications of principals and teachers, quality of care, site convenience and cost
The Company often is at a price disadvantage with respect to these alternative providers, who operate with little or no rental expense and generally do not comply or are not required to comply with the same health, safety, insurance and operational regulations as the Company
Many of its competitors in the private pay education service segment also offer similar or competing services at a substantially lower price than the Company and some may have access to greater financial resources than the Company or have greater name recognition
The Company also competes with many not-for-profit providers of child care and preschools, as well as elementary schools, some of which are able to offer lower pricing than the Company
There can be no assurance that the Company will be able to compete successfully against current and future competitors
Risks Associated with Acquisitions Acquisitions are an ongoing part of the Company’s growth strategy
Acquisitions involve numerous risks, including potential difficulties in the assimilation of acquired operations, not meeting financial objectives, additional need for capital investment, undisclosed liabilities not covered by insurance or terms of acquisition, diversion of management’s attention in connection with an acquisition and potential loss of key employees of the acquired operation
No assurance can be given as to the success of the Company in identifying, executing and assimilating acquisitions in the future or the ability to identify satisfactory acquisition targets and successfully complete any acquisition
Dependence on Key Management Personnel The success of the Company is highly dependent on the efforts, abilities, and continued services of its executive officers and other key employees
The Company believes that its future success will depend upon its ability to continue to attract, motivate and retain highly-skilled key managers in a number of areas including, education, operations, finance, human resources, information technology, and marketing
Hiring and Retaining Qualified Principals and Teachers The Company may experience difficulty in attracting and retaining qualified personnel in various markets necessary to meet growth opportunities
Hiring and retaining qualified personnel may require increased salaries and enhanced benefits in more competitive markets
In addition, difficulties in hiring and retaining qualified personnel may also impact the Company’s ability to obtain additional enrollment at its preschools and elementary schools
9 ______________________________________________________________________ [37]Table of Contents Ability to Maintain Effective Internal Controls Over Financial Reporting Management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting
A control system can only provide reasonable, not absolute, assurance that misstatements in financial reporting will be detected or prevented
The effectiveness of a system of internal controls may deteriorate if controls become inadequate due to changes in conditions, or if compliance with the policies or procedures declines
The key element to a system of internal control is competent personnel implementing the controls; the company may not be able to hire enough competent personnel
Ability to Obtain and Maintain Insurance The Company currently maintains the following major types of insurance policies: workers’ compensation, commercial general liability, including coverage for child abuse and molestation, automobile liability, commercial property coverage, student accident coverage, directors’ and officers’ liability coverage, professional liability and excess “umbrella” liability
These policies provide for a variety of coverages and are subject to various limitations, exclusions and deductibles
To date, the Company has been able to obtain insurance in amounts it believes to be appropriate
There can be no assurance that such insurance will continue to be readily available to the Company or that the Company’s insurance premiums will not materially increase in the future as a consequence of conditions in the insurance business or private pay education and service market generally or the Company’s experience in particular
Adverse Publicity Any adverse publicity concerning reported incidents of alleged violations of licensing or regulatory requirements, neglect, or child abuse at any of the Company’s locations, whether or not directly relating to or involving the Company, could result in decreased enrollment at the Company’s locations, an inability to attract new enrollments, and inability to expand in certain markets, as well as increased insurance costs
Litigation Because of the nature of its business, the Company is and expects that in the future it may be subject to claims and litigation alleging negligence, inadequate supervision and other grounds for liability arising from injuries or other harm to the people it serves, primarily children
In addition, claimants may seek damages from the Company for child abuse, sexual abuse and other acts allegedly committed by Company employees
There can be no assurance that additional lawsuits will not be filed, that the Company’s insurance will be adequate to cover liabilities resulting from any claim or that any such claim or the publicity resulting from it will not have a material adverse effect on the Company’s business, results of operations, and financial condition including, without limitation, adverse effects caused by increased cost or decreased availability of insurance and decreased demand for the Company’s services
Seasonality and Variability of Quarterly Operating Results The Company’s revenue and results of operations fluctuate with the seasonal demands for child development and educational services
Revenue at the Company’s locations which have mature operating levels typically declines during the fourth quarter of our fiscal year as a result of decreased enrollments at its locations as parents withdraw their children for summer vacations or summer break periods normally associated with a nine or ten month academic school year
There can be no assurance that the Company will be able to adjust its expenses on a short-term basis to minimize the effect of these fluctuations in revenue
The Company’s quarterly results of operations may also fluctuate based upon the number and timing of preschool and elementary school openings and/or acquisitions, the performance of new and existing locations, competitive factors and general economic conditions
The inability of existing locations to maintain their current enrollment levels and profitability, the failure of newly opened locations to contribute to profitability and the failure to maintain and grow the existing services could result in additional fluctuations in the future operating results of the Company on a quarterly or annual basis
10 ______________________________________________________________________ [38]Table of Contents Impact of Governmental Regulations The Company’s locations are subject to numerous national, state and local regulations and licensing requirements
Although these regulations vary greatly from jurisdiction to jurisdiction, government agencies generally review, among other things, the adequacy of buildings and equipment, licensed capacity, the ratio of staff to children, staff training, record keeping, the dietary program, the daily curriculum, hiring practices and compliance with health and safety standards
Failure of any location to comply with applicable regulations and requirements could subject it to governmental sanctions, which might include fines, corrective orders, probation, or, in more serious cases, suspension or revocation of the location’s license to operate or an award of damages to private litigants and could require significant expenditures by the Company to bring its location into compliance
Many government agencies may publish or publicly report major and/or minor regulatory violations and the Company may suffer adverse publicity which could result in a loss of enrollment in a school or market
The expansion of independent charter schools where student tuition is funded by or supported by public funds could impact consumer demand for our educational services and schools in markets where the Company operates elementary and/or middle schools
Finally, although the Company expects to pay employees at rates above the minimum wage, increases in the statutory minimum wage could result in a corresponding increase in the wages paid to the Company’s employees
Impact of Governmental Universal Child Care Benefit National, state or local child care and early age education benefit programs relying primarily on subsidies in the form of tax credits or other direct financial aid could provide the Company opportunities for expansion in additional markets; however, a universal benefit with governmentally mandated or provided child care could reduce the demand for educational services at the Company’s existing locations
Even in situations where the Company was allowed to provide publicly funded early age education programs, the amount of public funding could have a material adverse effect on the Company’s business and financial condition if the Company were to undertake these programs
Possible Volatility of Stock Price The prices at which the Company’s common stock trades is determined by the marketplace and is influenced by many factors, including the liquidity of the market for the Common Stock, investor perception of the Company and of the work/life industry generally, general economic market conditions and world events
Factors such as announcements of new services, new clients, acquisitions by the Company, its competitors or third parties, new regulatory or licensing requirements, as well as market conditions in the Company’s industry, may have a significant impact on the market price of the Common Stock
General investment market trends and movements in prices of stocks in general may also affect the market price
In addition, awards under the Company’s stock incentive plan and the issuance of additional equity securities of the Company may cause dilution to existing stockholders