Risk Factors Update Summary
- Ownership of outstanding common stock decreased from 26% to 9%.
- Outstanding debt balance increased from $7,278,000 to $7,634,000.
- Delisting from Nasdaq could occur if bid price remains below $1.00 for 30 consecutive days.
- Sales to customers outside the U.S. decreased from 37% to 33% of revenues.
- Accumulated deficit increased from $266,193,000 to $284,168,000 at December 31, 2023.
- Net loss increased from $11,818,000 to $18,819,000 for the year ended December 31, 2023.
- Sales of substantial amounts of Common Stock could adversely affect stock price.
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=811212&owner=exclude
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