Risk Factors Update Summary
- Research and development expenses expected to decrease in 2024, primarily due to completion of trials.
- Inclusion of "diversion of management attention" highlights the potential impact of security incidents.
- Cash and cash equivalents decreased from $17.8 million to $8.6 million as of December 31, 2023.
- Changes in privacy laws may impact business operations and ability to provide products and services.
- Addition of "mitigate" to our security measures may enhance our ability to address vulnerabilities effectively.
- Entered into LPC Purchase Agreement for up to $26.0 million of shares, $25.0 million remains available.
- Failure to achieve primary endpoint in ENVASARC trial may impact ability to raise additional financing.
- Expansion to notify "affected individuals, customers, regulators, and investors" may increase compliance costs.
- Potential delisting from Nasdaq due to market value below $35.0 million and failure to meet bid price.
- Potential adverse effects on business due to security incidents or interruptions in third-party service providers.
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=1394319&owner=exclude
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