−Removed: many significant risks in our business, some of which are unknown to us and not presently foreseen.
−Removed: These risks could have a material
−Removed: adverse impact on our business, financial condition and results of operations in the future.
−Removed: We disclosed a number of material
−Removed: risks under Item 1A of our Annual Report on Form 10-K for the year ended March 31, 2021, which we filed with the SEC on June 29,
−Removed: full effects of COVID-19 and other potential future public health crises, epidemics, pandemics or similar events are uncertain
−Removed: and could have a material and adverse effect on our business, financial condition, operating results and cash flows.
−Removed: outbreak of the coronavirus disease 2019, or COVID-19, was declared a pandemic by the World Health Organization and a national
−Removed: emergency by the U.S.
−Removed: government in March 2020.
−Removed: This has negatively affected the world economy, disrupted global supply chains,
−Removed: significantly restricted travel and transportation, resulted in mandated closures and orders to “shelter-in-place”
−Removed: and created significant disruption of the financial markets.
−Removed: The extent of the impact on our operational and financial performance
−Removed: will depend on future developments, including the duration and spread of the pandemic and related actions taken by U.S.
−Removed: government agencies to prevent disease spread, all of which are uncertain, out of our control and cannot be predicted.
−Removed: been complying with county and state orders and, until May 2021, had implemented a teleworking policy for our employees and contractors
−Removed: and significantly minimized the number of employees who visit our office.
−Removed: However, a facility closure, work slowdowns or temporary
−Removed: stoppage at one of our manufacturing suppliers could occur, which could have a longer-term impact and could delay our prototype
−Removed: production and ability to conduct business.
−Removed: If our workforce is unable to work effectively, including because of illness, quarantines,
−Removed: absenteeism, government actions, facility closures, travel restrictions or other restrictions in connection with the COVID-19
−Removed: pandemic, our operations will be negatively impacted.
−Removed: We may be unable to develop our product, and our costs may increase as a
−Removed: result of the COVID-19 outbreak.
−Removed: The impacts could worsen if there is an extended duration of any COVID-19 outbreak or a resurgence
−Removed: of COVID-19 infection in affected regions after they have begun to experience improvement.
−Removed: on other companies to provide components and to perform services for us.
−Removed: An extended period of supply chain disruption caused
−Removed: by the response to COVID-19 could impact our ability to produce our initial product quantities, and, if we are not able to implement
−Removed: alternatives or other mitigations, product deliveries would be adversely impacted and negatively impact our business, financial
−Removed: condition, operating results and cash flows.
−Removed: Limitations on government operations can also impact regulatory approvals that are
−Removed: necessary for us to operate our business.
−Removed: The continued
−Removed: spread of COVID-19 has also led to disruption and volatility in the global capital markets.
−Removed: We were recently able to raise additional
−Removed: capital in a private placement of convertible promissory notes, however, we will need to raise additional capital to support our
−Removed: operations in the future.
−Removed: We may be unable to access the capital markets, and additional capital may only be available to us on
−Removed: terms that could be significantly detrimental to our existing stockholders and to our business.
+Added: significant risks in our business, some of which are unknown to us and not presently foreseen.
+Added: These risks could have a material adverse
+Added: impact on our business, financial condition and results of operations in the future.
+Added: There are no material changes to the risk factors
+Added: set forth under Item 1A of our Annual Report on Form 10-K for the year ended March 31, 2022, which we filed with the SEC on June 28,
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.