Risk Factors Update Summary
- Accumulated deficit increased from $25 million to $5 million, impacting future operations and sustainability.
- Legal claim increased to $5.3 million payable in cash and shares, up from previous undisclosed amount.
- Net proceeds decreased from approximately $14 million to $5 million, affecting financial sustainability.
- Number of employees increased from 6 to 10, indicating potential growth and operational changes.
- Increase in legal claim to $5.3 million may impact available funds for product development.
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=1810560&owner=exclude
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