Risk Factors Update Summary
- Our ability to use net operating loss carryforwards may be limited, impacting tax expenses.
- Accumulated deficit increased from $334.6 million to $456.4 million as of December 31, 2023.
- The introduction of a new unitary patent system in Europe may affect patent defense.
- Net loss reported for the year ended December 31, 2023, was $121.8 million.
- Concentration of control by a group of stockholders may prevent unsolicited acquisitions.
- Full-time employees increased from 122 to 128 as of December 31, 2023.
- Stockholders converting shares could change voting power significantly, impacting corporate matters.
- The market price of common stock ranged from $1 to $8 per share.
- An active trading market for common stock is likely to be highly volatile.
- Changes in ownership structure could seriously harm 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=1678660&owner=exclude
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