Risk Factors Update Summary
- Sales to top five end customers increased from 76% to 87% of revenue for the year ended December 31, 2023.
- Recent high-profile global business failures, like Evergrande Group, may impact the Chinese economy, a major market. This could lead to uncertainty and affect our business.
- Net operating loss carryforwards decreased from approximately $155 million to $154.5 million as of December 31, 2023.
- Accumulated deficit increased from $451 million to $477 million as of December 31, 2023.
- Accounts receivable with two accounts representing 10% or more increased from three to two as of December 31, 2023.
- Sales to top distributor decreased from 48% to 29% of revenue for the year ended December 31, 2023.
- Revenue from the U.S. decreased from 99.7% to 95.1% for the year ended December 31, 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=1040161&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.