What changed in this filing

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Item 1A. Risk Factors

2020-11-16 compared with 2020-08-14 · 33 added, 36 removed, 29 unchanged (70% of the section changed)

There have been

no material changes from the risk factors previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year

ended December 31, 2019, filed with the SEC on March 17, 2020, under the heading “Risk Factors” except as discussed

below, and investors should review the risks provided in such Form 10-K and below, prior to making an investment in our company.

Our business, financial condition and operating results can be affected by a number of factors, whether currently known or unknown,

including but not limited to those described in the Form 10-K for the year ended December 31, 2019 under “Risk Factors”

or below, any one or more of which could, directly or indirectly, cause our actual financial condition and operating results to

vary materially from past, or from anticipated future, financial condition and operating results.

Any of these factors, in whole

or in part, could materially and adversely affect our business, financial condition, operating results and stock price.

There can be no

assurance that our review of strategic alternatives will result in any additional stockholder value, and speculation and uncertainty

regarding the outcome of our review of strategic alternatives may adversely impact our business, financial condition and results

of operations.

In July 2020, we engaged

Oppenheimer & Co.

to act as our financial advisor to conduct a review of strategic alternatives focused on maximizing stockholder

There can be no assurances that the strategic alternatives review process will result in the announcement or consummation

of any strategic transaction, or that any resulting plans or transactions will yield additional value for stockholders.

Any potential

transaction will be dependent on a number of factors that may be beyond our control, including, among other things, market conditions,

industry trends, the interest of third parties in a potential transaction and the availability of financing.

If we fail to successfully

complete a strategic transaction, we may not be able to otherwise source adequate liquidity to fund our operations, meet our obligations,

and continue as a going concern.

no material changes from the risk factors previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K

for the year ended December 31, 2019, filed with the SEC on March 17, 2020, under the heading “Risk Factors”

except as discussed below, and investors should review the risks provided in such Form 10-K and below, prior to making an

investment in our company.

Our business, financial condition and operating results can be affected by a number of factors, whether

currently known or unknown, including but not limited to those described in the Form 10-K for the year ended December 31,

2019 under “Risk Factors”

or below, any one or more of which could, directly or indirectly, cause our actual financial

condition and operating results to vary materially from past, or from anticipated future, financial condition and operating results.

Any of these factors, in whole or in part, could materially and adversely affect our business, financial condition, operating results

and stock price.

There can be no assurance that our

review of strategic alternatives will result in any additional shareholder value, and speculation and uncertainty regarding the

outcome of our review of strategic alternatives may adversely impact our business, financial condition and results of operations.

In July 2020,

we engaged Oppenheimer & Co.

to act as our financial advisor to conduct a review of strategic alternatives focused on

maximizing shareholder value.

There can be no assurances that the strategic alternatives review process will result in the announcement

or consummation of any strategic transaction, or that any resulting plans or transactions will yield additional value for shareholders.

Any potential transaction will be dependent on a number of factors that may be beyond our control, including, among other things,

market conditions, industry trends, the interest of third parties in a potential transaction and the availability of financing.

If we fail to successfully complete a strategic transaction, we may not be able to otherwise source adequate liquidity to fund

our operations, meet our obligations, and continue as a going concern.

The process of exploring

11 unchanged sentences

to our future could cause our stock price to fluctuate significantly.

Although we have regained

compliance with the requirements for continued listing on Nasdaq, we could in the future fail to satisfy Nasdaq’s continued

listing requirements, which in turn could result in the ADSs being delisted from Nasdaq, adversely affecting ADS liquidity and

our ability to access the capital markets and/or engage in a strategic transaction.

listed for trading on Nasdaq.

On April 15, 2020, we received a deficiency letter from Nasdaq notifying us that, for the last

30 consecutive business days, the closing bid price of the ADSs has not been maintained at the minimum required closing bid

price of at least $1.00 per ADS, as required for continued listing on the Nasdaq Capital Market.

We were provided an initial

period of 180 calendar days, or until October 12, 2020, to regain compliance.

One June 5, 2020 we received a letter from

Nasdaq notifying us that we had regained compliance with the exchange’s continued listing requirements.

Our ADSs are listed

for trading on Nasdaq.

On April 15, 2020, we received a deficiency letter from Nasdaq notifying us that, for the last 30 consecutive

business days, the closing bid price of the ADSs has not been maintained at the minimum required closing bid price of at least

$1.00 per ADS, as required for continued listing on the Nasdaq Capital Market.

We were provided an initial period of 180 calendar

days, or until October 12, 2020, to regain compliance.

One June 5, 2020 we received a letter from Nasdaq notifying us

that we had regained compliance with the exchange’s continued listing requirements.

Although we have regained

14 unchanged sentences

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.

What changed 10-Q

Item 1A. Risk Factors