Risk Factors Update Summary
- The company incurred net losses of approximately $9 million in 2023, compared to $7.9 million in 2022.
- The company's ability to raise capital may be impacted by uncertainty around related issues.
- Accumulated deficit increased from approximately $45 million in 2022 to $53.6 million in 2023.
- The company's future funding requirements were previously under section 33 and are now under section 44.
- Cash and cash equivalents increased from $6 million in 2022 to $7.2 million in 2023.
- The company's financial results and prospects are now under section 44 instead of section 33.
- Estimated cash to fund operations extended from the third quarter of 2023 to the third quarter of 2024.
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=1853816&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.