Risk Factors Update Summary
- Need for Additional Capital: Net loss decreased from $41.3 million to $27.0 million in 2023.
- Insufficient Capital: Accumulated deficit increased from $307 million to $334.7 million as of December 31, 2023.
- State NOL carryforwards increased from $274 million to $294 million, impacting future taxable income.
- Funding Shortfall: Capital resources decreased from $42 million to $27.1 million as of December 31, 2023.
- The UK Extension to the DPF came into effect, impacting data transfer mechanisms.
- A change from $219 million to $228 million in federal NOL carryforwards occurred.
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=1626971&owner=exclude
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