Risk Factors Update Summary
- Net losses decreased from $20.3 million to $13.9 million, with cash used in operating activities decreasing from $13.2 million to $12.0 million.
- Accumulated deficit increased from $467.2 million to $480.5 million, raising concerns about continued operations.
- Failure to meet Nasdaq listing requirements could lead to delisting, impacting stockholders.
- Stockholders' deficit increased to $1.3 million, impacting compliance with Nasdaq listing standards.
- Operating expenses are expected to be higher for the year ending December 31, 2024.
- Registration statements were filed for the resale of additional shares to Lincoln Park.
- Inadequate internal controls may affect financial reporting accuracy and lead to stock price decline.
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=1095981&owner=exclude
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