Risk Factors Update Summary
- The company has sufficient liquidity to support operations until August 2024, requiring additional financing.
- Compliance with changing regulations may result in increased expenses and management time.
- Accumulated deficit increased from $464 million to $515 million as of December 31, 2023.
- The company received a deficiency letter from Nasdaq regarding shareholder approval for a private placement.
- Net losses increased from $41 million in 2022 to $51 million in 2023.
- The company may need to delay, reduce, or eliminate development programs due to financial constraints.
- Shareholder's equity changed from positive $37.7 million in 2022 to negative $2.9 million in 2023.
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=882361&owner=exclude
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