Risk Factors Update Summary
- Employee headcount significantly reduced from 154 to 114, with reductions in various departments.
- Sales of common stock: 933 to 37 shares issued in 2022, with proceeds of $280 to $1.
- Stockholders approved increasing common stock available for issuance by 80,000 shares.
- Potential delisting from Nasdaq due to non-compliance with listing requirements.
- Stock and Option Award Plan increased shares available from 333 to 13,334.
- Net losses decreased from $23.8 million to $13.6 million, with cash ending at $1 million.
- Need for additional capital to fund business growth and bolster stockholders' equity.
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=1716166&owner=exclude
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