Risk Factors Update Summary
- Accumulated deficit increased from $103.9 million to $113.9 million, raising doubts about financial stability.
- Stock price fluctuated from $880 to $22,000 due to reverse stock splits in November 2022 and August 2023.
- Working capital deficit decreased from $32 million to $17 million, improving short-term liquidity.
- Patents increased from 20 to 25, requiring significant resources for protection and monitoring.
- Debt outstanding decreased from approximately $9 million to $7 million, reducing financial leverage.
- Sales and gross margins decreased from $38 million to $30 million, affecting profitability.
- Impairment expenses increased from $3.4 million to $15.5 million, impacting goodwill and intangible assets.
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
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.