Risk Factors Update Summary
- Net losses decreased significantly from $44 million in 2022 to $12.7 million in 2023.
- Non-cash expenses decreased from $7.1 million in 2022 to $1.7 million in 2023.
- The company's ability to retain and attract customers is impacted by public health crises and pandemics.
- Working capital decreased from approximately $16 million to $10 million from 2022 to 2023.
- The company may not successfully execute its business plan, impacting revenues for 2022 and 2023.
- The company's ability to evaluate its business is hindered by limited operating history and lack of available funding.
- Accumulated deficit increased from approximately $52 million to $64 million from 2022 to 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.
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=1563568&owner=exclude
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