2 unchanged sentences
Prior to that time, there was no public market for our common stock.
−Removed: As of February 24, 2021, there were approximately 9 holders of record of our common stock.
+Added: As of March 28, 2022, there were approximately 31 holders of record of our common stock.
This number does not include beneficial owners whose shares are held by nominees in street name.
2 unchanged sentences
We intend to retain all available funds and any future earnings to finance the operation and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future.
−Removed: In addition, our ability to pay cash dividends is currently restricted by the terms of our Athyrium Credit Facility, and future debt financing arrangements may contain terms prohibiting or limiting the amount of dividends that may be declared or paid on our common stock.
+Added: In addition, our ability to pay cash dividends is currently restricted by the terms of our Loan and Security Agreement with Oxford Finance LLC, and future debt financing arrangements may contain terms prohibiting or limiting the amount of dividends that may be declared or paid on our common stock.
Any future determination to declare and pay dividends will be made at the discretion of our board of directors and will depend on then-existing conditions, including our results of operations, financial condition, contractual restrictions, capital requirements, business prospects and other factors our board of directors may deem relevant.
3 unchanged sentences
Set forth below is information regarding shares of our common stock issued and stock options granted by us for the twelve months ended December 31, 2021 that were not registered under the Securities Act of 1933, as amended, or the Securities Act and that have not otherwise been described in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.
−Removed: On October 15, 2020, we granted stock options to four new employees to purchase an aggregate of 42,000 shares of our common stock at an exercise price of $8.20 per share.
+Added: On October 18, 2021, we granted stock options to ten new employees to purchase an aggregate of 70,000 shares of our common stock at an exercise price of $1.85 per share.
On November 15, 2021, we granted stock options to four new employees to purchase an aggregate of 135,200 shares of our common stock at an exercise price of $2.10 per share.
−Removed: On December 15, 2020, we granted stock options to 46 new employees to purchase an aggregate of 233,500 shares of our common stock at an exercise price of $7.63 per share.
+Added: On December 15, 2021, we granted stock options to four new employees to purchase an aggregate of 13,500 shares of our common stock at an exercise price of $1.44 per share.
These options were inducement grants made outside of our 2017 Equity Incentive Plan in accordance with Nasdaq Listing Rules 5635(c)(4) and Section 4(a)(2) of the Securities Act of 1933, as amended.
4 unchanged sentences
We did not purchase any of our registered equity securities during the period covered by this Annual Report on Form 10-K.
−Removed: Selected Financial Data
−Removed: You should read the following selected consolidated financial data together with our consolidated financial statements and accompanying notes appearing elsewhere in this Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of this Annual Report on Form 10-K.
−Removed: We have derived the selected consolidated statement of operations data for the years ended December 31, 2020 and 2019, and the selected consolidated balance sheet data as of December 31, 2020 and 2019 from our audited consolidated financial statements appearing at the end of this Annual Report on Form 10-K.
−Removed: The selected consolidated statement of operations data for the years ended December 31, 2018, 2017 and 2016 and balance sheet data as of December 31, 2018, 2017 and 2 016 set forth below have been derived from the audited financial statements for such years not included in this Annual Report on Form 10-K.
−Removed: Our historical results for any prior period are not necessarily indicative of the results that may be expected in any future period.
−Removed: Statement of Operations Data:
−Removed: (in thousands, except share and per share amounts)
−Removed: Product revenues, net
−Removed: Costs and expenses:
−Removed: Cost of product revenues
−Removed: Selling, general and administrative
−Removed: Research and development
−Removed: Total costs and expenses
−Removed: Loss from operations
−Removed: Other income (expense)
−Removed: Interest income
−Removed: Interest expense
−Removed: Loss on extinguishment of debt
−Removed: Change in fair value of warrant liability
−Removed: Net loss attributable to common stockholders
−Removed: Net loss per share attributable to common stockholders—basic and diluted
−Removed: Weighted average shares outstanding—basic and diluted
−Removed: As of December 31,
−Removed: (in thousands)
−Removed: Balance Sheet Data:
−Removed: Cash, cash equivalents and short-term investments
−Removed: Working capital(1)
−Removed: Long‑term debt—less current portion
−Removed: Other long‑term liabilities
−Removed: Total stockholders’ equity (deficit)
−Removed: We define working capital as current assets less current liabilities.
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.