Risk Factors Update Summary
- Accumulated deficit increased from $475 million to $4 million, with net losses reported.
- Interest rate expense rose from $21 million to $33 million, and accretion of Series A preferred units increased from $9 million to $25 million.
- Indebtedness rose from approximately $161 million to $181 million, impacting ability to repay or refinance.
- NOL carryforwards increased from $231 million to $253 million federally and from $300 million to $336 million at the state level.
- Cash equivalents decreased from $4.2 million to $2.7 million, affecting liquidity and investments.
- Environmental impact concerns related to biofuel production could impact financial position.
- Future sales and issuances of rights to purchase securities may impact stockholders' experience.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=738214&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.