Risk Factors Update Summary
- Increased risks due to 17 new risks added, including reliance on third parties and revenue concentration.
- Accumulated deficit increased from $69 million to $76 million, impacting financial stability.
- Net losses decreased from $16.3 million to $5.7 million, showing improved financial performance.
- Change in customer revenue concentration: one customer accounted for 57% of total revenue.
- Change in voting power: A small number of stockholders now control approximately 14%.
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=1462223&owner=exclude
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