Risk Factors Update Summary
- Cumulative deficit increased from approximately $388 million to $397 million since inception.
- Addition of the Middle East to geopolitical events increases exposure to regional risks.
- Cash, cash equivalents, and investments decreased from approximately $21 million to $10 million.
- Net cash used in operating activities increased from approximately $17.4 million to $19.9 million.
- Changes to the Board structure may impact corporate governance and decision-making processes.
- Working capital decreased from approximately $17 million to $12 million.
- Potential exercise of outstanding stock options increased from 243 million to 361 million shares.
- Potential exercise of exercisable but not yet exercised stock options increased from 16 million to 20 million shares.
- Authorization to issue new series of preferred stock affects existing shareholders' control and ownership.
- Potential exercise of exercisable stock options increased from 963 million to 967 million shares.
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=1041024&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.