Risk Factors Update Summary
- Raised approximately $94.0 million in net proceeds from stock sale in March 2024.
- Reduced cash from $39 million to $23 million and outstanding debt from $6 million to $2 million.
- Resumed making principal payments in January 2023, with Term Loan maturing on May 1, 2024.
- Increased shares available for grant under the 2022 Employee Stock Purchase Plan.
- Net operating loss carryforwards decreased from $377 million to $389 million.
- Increased shares of common stock for options from 540,000 to 1,030,000.
- Accumulated deficit increased from $483.2 million to $513 million.
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=1505512&owner=exclude
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