Risk Factors Update Summary
- Uncertainty in predicting the impact of war on Israel's economy may disrupt operations.
- Increased credit facility from $25 million to $30 million with Avenue Venture Opportunities Fund.
- Political and security outlook changes in Israel could lead to credit rating downgrades.
- Accumulated deficit rose from approximately $285 million to $361 million as of December 31, 2023.
- Potential disruptions in Israel may result in parties not fulfilling commitments, affecting operations.
- Risks expanded to include potential political instability and violence affecting operations and trade.
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.
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