Risk Factors Update Summary
- Forbearance Agreement extended to June 30, 2025, with interest rate increased to 16.5%.
- Revolving Note increased to $5,000 per share, with conversion price less than $28.00.
- Accumulated deficit increased from $62.8 million to $151.8 million as of September 30, 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.
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