6 unchanged sentences
operating losses since our inception and will continue to incur substantial operating losses for the foreseeable future.
−Removed: inception, we have been engaged primarily in the research and development of our electro-optic polymer materials technologies and potential
+Added: our inception, we have been engaged primarily in the research and development of our electro-optic polymer materials technologies and
+Added: potential products.
As a result of these activities, we incurred significant losses and experienced negative cash flow since our inception.
−Removed: a net loss of $5,476,018 for the three months ended March 31, 2023 and a net loss of $ 17,230,480
−Removed: for the year ended December 31, 2022 and $18,631,381 for the year ended December 31, 2021 .
−Removed: As of March 31, 2023, we had an accumulated deficit of $112,309,379.
−Removed: We anticipate that we
−Removed: will continue to incur operating losses through at least 2023.
+Added: We incurred a net loss of $10.9 million for the six months ended June 30, 2023 and a net loss of $ 17.2
+Added: million for the year ended December 31, 2022 and $18.6 million for the year ended December
+Added: As of June 30, 2023, we had an accumulated deficit of $117.7 million.
+Added: anticipate that we will continue to incur operating losses through at least 2023.
may not be able to generate significant revenue either through customer contracts for our potential products or technologies or through
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Based on our current operating plan and
−Removed: budgeted cash requirements, we believe that we have sufficient funds to finance our operations through July 2024;
−Removed: however, we will need
−Removed: to obtain additional future financing after that time to finance our operations until such time that we can conduct profitable revenue-generating
+Added: budgeted cash requirements, we believe that we have sufficient funds to finance our operations through February 2025;
+Added: however, we will
+Added: need to obtain additional future financing after that time to finance our operations until such time that we can conduct profitable revenue-generating
We expect that we will need to seek additional funding through public or private financings, including equity financings,
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opportunities could require additional financing sooner than we expect.
−Removed: Other than with respect to (i) the purchase agreement for
−Removed: up to $30 million we entered into with Lincoln Park on February 28, 2023 (the " 2023 Purchase Agreement ”);
−Removed: sales agreement for up to $35 million we entered into with Roth Capital Partners, LLC (“ Roth
−Removed: Capital ”) on December 9, 2022 (the “ Roth Sales Agreement ”) ;
−Removed: have no plans or arrangements with respect to the possible acquisition of additional financing, and such financing may be unavailable
−Removed: when we need it or may not be available on acceptable terms.
−Removed: We currently have a remaining amount of $26,999,998 that is available to
−Removed: our Company pursuant to the 2023 Purchase Agreement with Lincoln Park, and $35 million that is available to our Company pursuant to the
−Removed: Roth Sales Agreement with Roth Capital.
+Added: Other than with respect to the 2023 Purchase Agreement and the
+Added: Roth Sales Agreement ;
+Added: we have no plans or arrangements with respect to the possible
+Added: acquisition of additional financing, and such financing may be unavailable when we need it or may not be available on acceptable terms.
+Added: We currently have a remaining amount of $18 million that is available to our Company pursuant to the 2023 Purchase Agreement with Lincoln
+Added: Park, and $33 million that is available to our Company pursuant to the Roth Sales Agreement with Roth Capital.
of the period of time through which our financial resources will be adequate to support our operations is a forward-looking statement
and involves risks and uncertainties, and actual results could vary as a result of a number of factors, including the factors discussed
−Removed: elsewhere in this Annual Report on Form 10-K.
−Removed: We have based this estimate on assumptions that may prove to be wrong, and we could use
−Removed: our available capital resources sooner than we currently expect.
+Added: in our 2022 Form 10-K .
+Added: We have based this estimate on assumptions that may prove to
+Added: be wrong, and we could use our available capital resources sooner than we currently expect.
financing may not be available to us, due to, among other things, our Company not having a sufficient credit history, income stream, profit
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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.