Risk Factors Update Summary
- Added risks related to global events, including war between Ukraine and Russia, and conflicts between countries.
- Net loss decreased from $12 million in 2022 to $8 million in 2023.
- Accumulated deficit increased from $17.9 million in 2022 to $25.9 million in 2023.
- Funding required until the second quarter of 2026, extended from the second quarter of 2024.
- Increase in full-time employees from six to eight as of March 1, 2024.
- Ownership change occurred, limiting the amount of tax attributes that can be utilized annually.
- Directors, executive officers, and 5% stockholders beneficially own approximately 30% of the voting power.
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=1835022&owner=exclude
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