Risk Factors Update Summary
- Doubts about the ability to continue as a going concern due to continuing losses and negative cash flows.
- Need for additional funding to execute business plan and continue operations, even with recent warrant inducement.
- Uncertainty regarding FDA regulations mandating minimally or non-addictive nicotine levels in cigarettes.
- Risk of default under senior secured debentures due to failure to comply with covenants.
- Risk of adverse impact on business if FDA removes products from the U.S. market.
- Potential adverse impact on business from loss of key personnel or erosion of employee morale.
- Potential material adverse consequences if common stock is delisted from NASDAQ.
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=1347858&owner=exclude
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