Risk Factors Update Summary
- Federal and state net operating loss carryforwards decreased from $40.2 million to $18.6 million.
- Refinanced $13.8 million of debt with East...payments to Utica Leaseco, LLC increased from $198,000 to $204,000 as of January 1, 2024.
- Cross River converted the entire $1.2 million balance of the July 2022 Convertible Note into 2,400,000 shares.
- Demand for services remained below pre-pandemic levels throughout 2023.
- Cross River intends to convert the remaining $148,950 balance of the convertible note into 322,402 shares.
- Cross River converted $1.1 million of convertible notes into 2,275,000 shares of common stock.
- Cross River received a five-year warrant to acquire 2,400,000 shares with an exercise price of $0.55 per share.
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=319458&owner=exclude
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