Risk Factors Update Summary
- Cash on hand decreased from $1.66 million to $804,556, requiring additional financing by February 2024.
- Net losses decreased from $13,478,069 to $8,807,496 for the year ended December 31, 2022.
- Cash used in operations decreased from $4,752,750 to $4,504,207 for the year ended December 31, 2023.
- The company announced a growth strategy involving acquisitions, subject to funding availability and market volatility.
- The company secured approximately $3.6 million of additional financing in February and March 2024.
- Increased awareness of privacy regulations may impact the company's operations, results, and financial condition.
- Delisting from Nasdaq could negatively affect institutional investor interest and business development opportunities.
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=1554818&owner=exclude
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