Risk Factors Update Summary
- Only a modest amount of cash is available, which may not be sufficient to support operations.
- Incurring expenses related to identifying and acquiring an operating company could have a material adverse effect.
- Short-term financing was obtained, but additional financing of up to $1.0 million is needed.
- Transitioning the business model may lead to the inability to generate significant revenues without completing a business combination.
- Inability to protect intellectual property effectively could harm the business.
- Failure to obtain necessary financing may result in the inability to maintain operations as a going concern.
- Failure to raise additional funds and compete effectively may negatively impact the business.
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=1293818&owner=exclude
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