You should carefully consider the risk factors described in our Annual Report under the caption “Item 1A.
−Removed: “Risk Factors.” There have been no material changes in our risk factors included in our Annual Report.
+Added: “Risk Factors.” Other than as set forth below, there have been no material changes in our risk factors included in our Annual Report.
The risks described in our Annual Report are not the only risks facing our company.
Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition or future results.
+Added: There is substantial doubt about our ability to continue as a going concern.
+Added: Our management has concluded that, based on our current operating plan, there is substantial doubt as to whether we can continue as a going concern for the twelve months following the issuance of this Quarterly Report.
+Added: To date, we have not generated any revenues from product sales and have incurred significant operating losses in each year since our inception and we anticipate that losses may continue for the next several years or until such time as we can generate substantial revenues and achieve profitability.
+Added: As of June 30, 2024, we had $28.5 million in cash and cash equivalents and have not generated positive cash flows from operations.
+Added: Based on our current business plans, we believe that our existing cash and cash equivalents, and income from non-dilutive grants, will be sufficient for us to fund our operating expenses and capital expenditures into the second quarter of 2025, which assumes no usage from the remaining ATM nor the Lincoln Park Purchase Agreement.
+Added: Our ability to continue as a going concern is dependent upon raising capital to maintain current operations and continue research and development efforts.
+Added: We plan to raise additional capital to fund our operations through public or private equity offerings, debt financings, and/or potential collaborations and license arrangement or other sources.
+Added: There is no assurance, however, that any additional financing or any revenue-generating collaboration will be available when needed or that we will be able to obtain financing or enter into a collaboration on terms acceptable to us or at all.
+Added: If such additional capital is not available on satisfactory terms, or is not available in sufficient amounts, or if we are unable to enter into a collaboration, we may be required to delay, limit or eliminate the development of CT1812 and our ability to achieve our business objectives, our competitiveness, and our business, financial condition and results of operations will be materially adversely affected.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.