Risk Factors Update Summary
- Net losses and accumulated deficits increased from $311 million in 2022 to $319 million in 2023.
- Cash and cash equivalents decreased from $27 million to $23 million from 2022 to 2023.
- Net proceeds from shares sold decreased from $3.9 million to $3.5 million.
- Total annual gross revenue increased to at least $1.07 billion, impacting reporting requirements.
- Shares available under the ATM facility decreased from $50 million to $24 million.
- Beneficial ownership by executive officers and directors decreased from 9.5% to 5%.
- Outstanding indebtedness increased from $51 million to $45 million from 2022 to 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=1398733&owner=exclude
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