Risk Factors Update Summary
- Accumulated deficit increased from $103.9 million to $113.9 million, raising doubt about financial stability.
- Market value of common stock adjusted from $38 to $30, impacting investor sentiment and valuation.
- Working capital deficit decreased from $32 million to $17 million, improving short-term liquidity.
- Common stock price adjusted from $880 to $22,000 post-reverse stock splits, affecting market perception.
- Debt outstanding decreased from approximately $9 million to $7 million, reducing financial leverage.
- Goodwill and intangible assets decreased from $10 million to $1 million, impacting future valuations.
- Impairment expense decreased from $15.5 million to $0 million, indicating better asset management.
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=1668010&owner=exclude
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