10 unchanged sentences
historical financial statements have been prepared under the assumption that we will continue as a going concern.
−Removed: As of June 30, 2022,
+Added: As of September 30,
2022, the Company had an accumulated deficit of $178 million.
−Removed: We have limited financial resources, and as of June 30, 2022 we had a working
−Removed: capital deficit of $7.4 million and a cash balance of $11.7 million.
−Removed: We will need to raise additional capital or secure debt funding
−Removed: to support on-going operations.
−Removed: The sources of this capital are expected to be the sale of equity and debt, which may not be available
−Removed: on favorable terms, if at all, and may, if sold, cause significant dilution to existing stockholders.
−Removed: If we are unable to access additional
−Removed: capital moving forward, it may hurt our ability to grow and to generate future revenues, our financial position, and liquidity.
−Removed: factors raise substantial doubt about the ability of the Company to continue as a going concern.
+Added: We have limited financial resources, and as of September 30, 2022 we had
+Added: a working capital deficit of $12.0 million and a cash balance of $5.8 million.
+Added: We will need to raise additional capital or secure debt
+Added: funding 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
+Added: available on favorable terms, if at all, and may, if sold, cause significant dilution to existing stockholders.
+Added: If we are unable to access
+Added: additional capital moving forward, it may hurt our ability to grow and to generate future revenues, our financial position, and liquidity.
+Added: These factors raise substantial doubt about the ability of the Company to continue as a going concern.
Unless management is able to obtain
6 unchanged sentences
if we are unable to continue as a going concern, our stockholders may lose some or all of their investment in the Company.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: DEFAULTS UPON SENIOR SECURITIES
+Added: MINE SAFETY DISCLOSURES
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.