Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Failure to establish, maintain, or protect patent protection could reduce services under patent protection.
  • The company will continue to raise funds to operate as a going concern.
  • Obtaining Category I CPT codes for VIVO is crucial for future success. This change might result in increased revenue.
  • The certificate of incorporation designates the exclusive forum for resolving complaints, potentially affecting legal proceedings.
  • Identified material weaknesses in internal controls could impact financial reporting accuracy.
  • Reimbursement rates are unpredictable, impacting demand for products. This change could lead to revenue fluctuations.
  • The ownership of common stock is highly concentrated, potentially affecting corporate decisions and stock price.
  • Plans to expand VIVO launch require significant investment in infrastructure and sales representatives.
  • Future sales and issuances of a substantial number of shares could impact the stock price.
  • Delisting consequences include reduced liquidity and limited market quotations for securities.
  • Joint marketing agreements may reduce revenues from product sales.
  • Royalty agreements for LockeT may reduce future profits from the product.
  • Dependence on information technology systems poses a risk to business operations.
  • Failure to maintain effective internal controls could impact financial reporting accuracy or prevent fraud.

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=1716621&owner=exclude

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