Risk Factors Update Summary
- Net loss increased from $29 million to $54 million for the year ended December 31, 2022.
- Additional financing of $39 million needed, raising substantial doubt about the ability to continue.
- Working capital decreased from negative $13 million to negative $39 million as of December 31, 2022.
- Outstanding warrants decreased from 1,661,760 to 181,095 shares of common stock.
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=1761696&owner=exclude
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