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“Risk Factors” of our Annual Report.
−Removed: Any of these factors, in whole or in part, could materially and adversely affect our
−Removed: business, financial condition, operating results and the price of our common stock.
+Added: Any of these factors, in whole or in part, could materially and adversely affect our business, financial condition, operating results and the price of our common stock.
Except as set forth below, there have been no material changes in our risk factors to those included in our Annual Report.
We have identified conditions and events that raise substantial doubt regarding our ability to continue as a going concern.
−Removed: As of March 31, 2022, we had $22.2 million in cash and restricted cash.
−Removed: Based on our existing cash, availability under our Revolving Credit Facility and cash generated from expected future sales, we believe that we do not have sufficient cash on hand to support current operations and our payment obligations under our Term Loan Facility, Revolving Credit Facility and Revenue Interest Obligation for at least one year from the date of issuance of the unaudited condensed consolidated financial statements appearing within this Quarterly Report on Form 10-Q.
−Removed: This condition raises substantial doubt about our ability to continue as a going concern for at least one year from the date that our unaudited condensed consolidated financial statements for the period ended March 31, 2022 were issued.
+Added: As of June 30, 2022, we had $16.5 million in cash and restricted cash.
+Added: Based on our existing cash, availability under our Revolving Credit Facility and cash generated from expected future sales, we believe that we do not have sufficient cash on hand to support current operations and our payment obligations under our Term Loan Facility, Revolving Credit Facility (even after the recent debt refinancing described in Note 12 to the condensed consolidated financial statements included elsewhere in this Quarterly Report), and Revenue Interest Obligation for at least one year from the date of issuance of the unaudited condensed consolidated financial statements appearing within this Quarterly Report.
+Added: This condition raises substantial doubt about our ability to continue as a going concern for at least one year from the date that our unaudited condensed consolidated financial statements for the period ended June 30, 2022 were issued.
In order to mitigate the current and potential future liquidity issues, we may seek to raise capital through the issuance of common stock, either refinance or restructure our Term Loan Facility and Revolving Credit Facility, restructure our Revenue Interest Obligation or pursue asset sale transactions.
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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.