3 unchanged sentences
financial statements in this Quarterly Report on Form 10-Q.
−Removed: Company has incurred net losses of $4.5 million and $8.7 million for the three months ended March 31, 2024 and the prior year comparable
+Added: Company has incurred net losses of $5.1 million and $17.8 million for the six months ended June 30, 2024 and the prior year comparable
period, respectively.
−Removed: For the three months ended March 31, 2024, used in operating activities was $0.1 million, and cash used in
−Removed: operating activities for the year ended December 31, 2023 was $1.8 million.
−Removed: Based on our cash on hand and working capital at March 31,
−Removed: 2024, we may have insufficient cash to fund planned operations into the third quarter of 2024 .
−Removed: As a result of our losses and our projected
−Removed: cash needs, combined with our current liquidity level, substantial doubt exists about the Company’s ability to continue as a going
−Removed: concern over the next 12 months.
−Removed: The recent macroeconomic environment has caused weaker demand than contemplated under the Company’s
−Removed: business plan, resulting in a reduction in projected revenue and cash flows for the twelve-month period included in the going concern
+Added: For the six months ended June 30, 2024, used in operating activities was $0.4 million, and cash used in operating
+Added: activities for the year ended December 31, 2023 was $1.8 million.
+Added: Based on our cash on hand and working capital at June 30, 2024, we
+Added: may have insufficient cash to fund planned operations into the fourth quarter of 2024.
+Added: As a result of our losses and our projected cash
+Added: needs, combined with our current liquidity level, substantial doubt exists about the Company’s ability to continue as a going concern
+Added: over the next 12 months.
+Added: The recent macroeconomic environment has caused weaker demand than contemplated under the Company’s business
+Added: plan, resulting in a reduction in projected revenue and cash flows for the twelve-month period included in the going concern evaluation.
ability to continue as a going concern is contingent upon successful execution of management’s intended plan over the next twelve
months to improve the our liquidity and profitability, which includes, without limitation:
−Removed: Further reducing
−Removed: operating costs expense by taking additional restructuring actions to align cost with revenue
+Added: reducing operating costs expense by taking additional restructuring actions to align cost with revenue
revenue by introducing new products and acquiring new customers.
65 unchanged sentences
quarter ended March 31, 2024, we were no longer in compliance with Nasdaq Listing Rule 5250(c)(1).
−Removed: Company had 60 calendar days from April 18, 2024, or until June 17, 2024, to regain compliance
−Removed: by filing the Form 10-K and the Form 10-Q or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules.
−Removed: We timely submitted the plan to regain compliance to Nasdaq and Nasdaq granted us additional time to file the Form 10K and 10Q and with
−Removed: this filing will have filed both the 10K and 10Q within the additional time period granted.
+Added: Company had 60 calendar days from April 18, 2024, or until June 17, 2024, to regain compliance by filing the Form 10-K and the Form 10-Q
+Added: or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules.
+Added: We timely submitted the plan to regain compliance to
+Added: Nasdaq and Nasdaq granted us additional time to file the Form 10K and 10Q.
+Added: As of the date of this filing we have filed both the 10K and
+Added: 10Q within the additional time period granted.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
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.