Risk Factors Update Summary
- Net losses increased from $19.7 million to $16.1 million, including non-cash expenses.
- Accumulated deficit rose from $77 million to $93 million, impacting financial stability.
- International expansion may introduce additional risks, impacting financial condition and results.
- Revenue concentration increased with U.S. Army and Veterans Affairs accounting for 38% and 16%.
- Integration of Amiga may be complex, costly, and time-consuming, affecting operations.
- Acquisitions of All Cell and Amiga may not achieve goals, impacting financial performance.
- Foreign currency exchange rate risks may impact financial condition and cash flows.
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.
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