Risk Factors Update Summary
- Cash and cash equivalents decreased from $6 million to $4 million, while current liabilities increased from $2 million to $4 million.
- Operating losses decreased from $41.3 million to $20.6 million, with an accumulated deficit increasing from $824 million to $844 million.
- Loss on impairment of intangible assets decreased from $12.6 million to $2.6 million.
- Investors may exert influence over business strategy and operations, owning approximately 12% of issued Series B Preferred Stock.
- Goodwill recorded on the consolidated balance sheet decreased from $3.1 million to zero.
- Potential future reverse stock split may impact market price of common stock.
- Loss on impairment of goodwill decreased from $0.5 million to zero.
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=946486&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.