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financial statements in this Quarterly Report on Form 10-Q.
−Removed: 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
−Removed: period, respectively.
−Removed: For the six months ended June 30, 2024, used in operating activities was $0.4 million, and cash used in operating
−Removed: activities for the year ended December 31, 2023 was $1.8 million.
−Removed: Based on our cash on hand and working capital at June 30, 2024, we
−Removed: may have insufficient cash to fund planned operations into the fourth quarter of 2024.
−Removed: As a result of our losses and our projected cash
−Removed: needs, combined with our current liquidity level, substantial doubt exists about the Company’s ability to continue as a going concern
−Removed: over the next 12 months.
−Removed: The recent macroeconomic environment has caused weaker demand than contemplated under the Company’s business
−Removed: plan, resulting in a reduction in projected revenue and cash flows for the twelve-month period included in the going concern evaluation.
+Added: Company has incurred net losses of $8.9 million and $27.8 million for
+Added: the nine months ended September 30, 2024 and the prior year comparable period, respectively.
+Added: For the nine months ended September 30, 2024,
+Added: cash used in operating activities was $5.2 million, and cash used in operating activities for the year ended December 31, 2023 was $1.8
+Added: Based on our cash on hand and working capital at September 30, 2024, we may have insufficient cash to fund planned operations
+Added: into the fourth quarter of 2024.
+Added: As a result of our losses and our projected cash needs, combined with our current liquidity level, substantial
+Added: doubt exists about the Company’s ability to continue as a going concern over the next 12 months.
+Added: The recent macroeconomic environment
+Added: has caused weaker demand than contemplated under the Company’s business plan, resulting in a reduction in projected revenue and
+Added: 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
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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.