Company – Scrape Financial

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Risk Factors Summary

Risk Factors Update Summary

  • These conditions raise substantial doubt about our ability to continue as a going concern. This change might result in significant investor concern regarding future operations.
  • The Company had a net loss of approximately $7.3 million for the year ended April 30, 2024, compared to $5 million previously. This change indicates worsening financial performance.
  • We have an accumulated deficit of approximately $10.1 million as of April 30, 2024. This change highlights the ongoing financial challenges faced by the Company.
  • If we are unable to obtain additional financing, we may pursue bankruptcy proceedings, risking total loss for shareholders. This change emphasizes the critical need for liquidity.
  • Political, economic, and military instability in Israel may adversely affect our business and leadership continuity. This change reflects potential risks associated with geopolitical factors.

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=771856&owner=exclude

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