What changed in this filing

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Item 1A. Risk Factors

2023-11-09 compared with 2023-08-09 · 19 added, 22 removed, 32 unchanged (56% of the section changed)

2 unchanged sentences

Additional risks

and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business,

and uncertainties not currently known to us or that we currently deem to be immaterial may also materially adversely affect our business,

financial condition or future results.

4 unchanged sentences

As a result of these activities, we incurred significant losses and experienced negative cash flow since our inception.

We incurred a net loss of $10.9 million for the six months ended June 30, 2023 and a net loss of $ 17.2

We incurred a net loss of $5.1 million for the nine months ended September 30, 2023 and a net loss of $ 17.2

million for the year ended December 31, 2022 and $18.6 million for the year ended December

As of June 30, 2023, we had an accumulated deficit of $117.7 million.

As of September 30, 2023, we had an accumulated deficit of $122.9 million.

anticipate that we will continue to incur operating losses through at least 2023.

8 unchanged sentences

capital to continue to fund our operations and if we do not obtain additional capital, we may be required to substantially limit our operations.

does not presently generate the cash needed to finance our current and anticipated operations.

Based on our current operating plan and

budgeted cash requirements, we believe that we have sufficient funds to finance our operations through February 2025;

however, we will

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,

and through other arrangements, including collaborative arrangements.

Poor financial results, unanticipated expenses or unanticipated

opportunities could require additional financing sooner than we expect.

Other than with respect to the 2023 Purchase Agreement and the

Roth Sales Agreement ;

we have no plans or arrangements with respect to the possible

acquisition of additional financing, and such financing may be unavailable when we need it or may not be available on acceptable terms.

We currently have a remaining amount of $18 million that is available to our Company pursuant to the 2023 Purchase Agreement with Lincoln

Park, and $33 million that is available to our Company pursuant to the Roth Sales Agreement with Roth Capital.

business does not presently generate the cash needed to finance our current and anticipated operations.

Based on our current operating

plan and budgeted cash requirements, we believe that we have sufficient funds to finance our operations through April 2025;

we will need to obtain additional future financing after that time to finance our operations until such time that we can conduct profitable

revenue-generating activities.

We expect that we will need to seek additional funding through public or private financings, including

equity financings, and through other arrangements, including collaborative arrangements.

Poor financial results, unanticipated expenses

or unanticipated opportunities could require additional financing sooner than we expect.

Other than with respect to the 2023 Purchase

Agreement and the Roth Sales Agreement;

we have no plans or arrangements with respect to the possible acquisition of additional

financing, and such financing may be unavailable when we need it or may not be available on acceptable terms.

We currently have a remaining

amount of $16.9 million that is available to our Company pursuant to the 2023 Purchase Agreement with Lincoln Park, and $33.6 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

10 unchanged sentences

not generated, we may be required to substantially limit our operations.

Item 2 Unregistered Sales of Equity Securities and Use of Proceeds

Defaults Upon Senior Securities

Mine Safety Disclosures

Not Applicable.

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.

What changed 10-Q

Item 1A. Risk Factors