4 unchanged sentences
and its business before purchasing shares of our common stock.
−Removed: There have been no material changes to our risk factors contained in our
−Removed: Annual Report on Form 10-K for the year ended December 31, 2021.
−Removed: The Company’s business, operating results and financial condition
−Removed: could be adversely affected due to any of those risks.
+Added: Except as set forth below, there have been no material changes to our
+Added: risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2021.
+Added: The Company’s business, operating
+Added: results and financial condition could be adversely affected due to any of those risks.
+Added: is substantial doubt about our ability to continue as a going concern.
+Added: historical financial statements have been prepared under the assumption that we will continue as a going concern.
+Added: As of June 30, 2022,
+Added: the Company had an accumulated deficit of $170 million.
+Added: We have limited financial resources, and as of June 30, 2022 we had a working
+Added: capital deficit of $7.4 million and a cash balance of $11.7 million.
+Added: We will need to raise additional capital or secure debt funding
+Added: to support on-going operations.
+Added: The sources of this capital are expected to be the sale of equity and debt, which may not be available
+Added: on favorable terms, if at all, and may, if sold, cause significant dilution to existing stockholders.
+Added: If we are unable to access additional
+Added: capital moving forward, it may hurt our ability to grow and to generate future revenues, our financial position, and liquidity.
+Added: factors raise substantial doubt about the ability of the Company to continue as a going concern.
+Added: Unless management is able to obtain
+Added: additional financing, it is unlikely that the Company will be able to meet its funding requirements during the next 12 months.
+Added: The financial
+Added: statements do not include any adjustments that might result from the outcome of this uncertainty.
+Added: The doubt regarding our potential ability
+Added: to continue as a going concern may adversely affect our ability to obtain new financing on reasonable terms or at all.
+Added: Additionally,
+Added: if we are unable to continue as a going concern, our stockholders may lose some or all of their investment in the Company.
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.