Risk Factors Update Summary
- Current liabilities increased from approximately $3.5 million to $5 million at December 31, 2023.
- Incurred net losses increased from $15.5 million to $20.1 million for the year ended December 31, 2022.
- Operations used $16.2 million in cash, up from $15 million for the year ended December 31, 2023.
- Accounts receivable balances for major customers increased from 19% to 77% of total at December 31, 2023.
- Major customers accounting for revenues increased from 68% to 72% for the year ended December 31, 2023.
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=922247&owner=exclude
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