23 unchanged sentences
*We have a history of operating losses, may need additional financing to meet our future long-term capital requirements and may be unable to raise sufficient capital on favorable terms or at all.
−Removed: We have recorded a net loss of approximately $9.6 million for the six months ended June 30, 2020 and we have a history of losses and may continue to incur operating and net losses for the foreseeable future.
+Added: We have recorded a net loss of approximately $13.8 million for the nine months ended September 30, 2020 and we have a history of losses and may continue to incur operating and net losses for the foreseeable future.
We incurred net losses of approximately $32.1 million and $33.3 million for the years ended December 31, 2019 and December 31, 2018, respectively.
−Removed: As of June 30, 2020, our accumulated deficit was approximately $131.5 million.
+Added: As of September 30, 2020, our accumulated deficit was approximately $135.7 million.
We have not achieved profitability on an annual basis.
1 unchanged sentence
If our revenues grow slower than anticipated, or if operating expenses exceed expectations, then we may not be able to achieve and sustain profitability in the near future or at all, which may depress our stock price.
−Removed: As of June 30, 2020, our cash and cash equivalents totaled approximately $18.9 million.
+Added: As of September 30, 2020, our cash and cash equivalents totaled approximately $15.5 million.
While we anticipate that our current cash, cash equivalents, cash to be generated from operations and available line of credit up to $7.0 million from Western Alliance Bank will be sufficient to meet our projected operating plans through at least the next twelve months, we may require additional funds, either through additional equity or debt financings, including pursuant to the ATM Facility, or collaborative agreements or from other sources.
5 unchanged sentences
The inability to raise additional financing may have a material adverse effect on the future performance of the Company.
−Removed: *Failure to remediate a material weakness in internal accounting controls could result in material misstatements in our financial statements.
−Removed: Our management has identified a material weakness in our internal control over financial reporting and has concluded that, due to such material weakness, our disclosure controls and procedures were not effective as of June 30, 2020.
−Removed: The material weakness in internal control over financial reporting resulted from a deficiency in our disclosure controls and procedures which could have resulted in us not disclosing a material potential loss that was reasonably possible, and therefore requiring a qualitative disclosure in our consolidated financial statements under ASC 450 – Contingencies .
−Removed: The material weakness has not been remediated as of June 30, 2020.
−Removed: If not remediated, or if we identify further material weaknesses in our internal controls, our failure to establish and maintain effective disclosure controls and procedures and internal control over financial reporting could result in material misstatements in our financial statements and a failure to meet our reporting and financial obligations, each of which could have a material adverse effect on our financial condition and the trading price of our common stock.
Our capital requirements will depend on many factors.
25 unchanged sentences
*Interruptions in our relationships or declines in our business with major customers could materially harm our business and financial results.
−Removed: Watson Group accounted for approximately 11% of our sales during the six months ended June 30, 2020.
−Removed: Due to COVID-19, our sales to A.S.
−Removed: Watson Group decreased in the second quarter of 2020 compared to the first quarter of 2020 as A.S.
−Removed: Watson Group was negatively impacted by store closures and reduced operating hours.
+Added: Watson Group accounted for approximately 13% of our sales during the nine months ended September 30, 2020.
Any interruption in our relationship or decline in our business with this customer or other customers upon whom we become highly dependent could cause harm to our business.
389 unchanged sentences
Future sales of these shares could adversely affect the market price of our common stock.
−Removed: As of June 30, 2020, we had outstanding options for an aggregate of approximately 11.5 million shares of common stock at a weighted average exercise price of $3.86 per share.
+Added: As of September 30, 2020, we had outstanding options for an aggregate of approximately 11.5 million shares of common stock at a weighted average exercise price of $3.92 per share.
The holders may sell many of these shares in the public markets from time to time, without limitations on the timing, amount or method of sale.
7 unchanged sentences
If a court were to find this choice of forum provision to be inapplicable or unenforceable in an action, we may incur additional costs associated with resolving such action in other jurisdictions, which could adversely affect our business and financial condition.
+Added: *Our failure to establish and maintain effective internal control over financial reporting could result in material misstatements in our financial statements, our failure to meet our reporting obligations and cause investors to lose confidence in our reported financial information, which in turn could cause the trading price of our common stock to decline.
+Added: Maintaining effective internal control over financial reporting is necessary for us to produce reliable financial statements.
+Added: Our management previously identified a material weakness in our internal control over financial reporting and concluded that, due to such material weakness, our disclosure controls and procedures were not effective as of June 30, 2020.
+Added: The material weakness in internal control over financial reporting resulted from a deficiency in our disclosure controls and procedures which could have resulted in us not disclosing a material potential loss that was reasonably possible, and therefore requiring a qualitative disclosure in our consolidated financial statements under ASC 450 – Contingencies.
+Added: Although we have remediated this material weakness as of September 30, 2020, we cannot assure you that additional material weaknesses in our internal control over financial reporting will not be identified in the future.
+Added: Such material weaknesses could result in material misstatements in our financial statements and a failure to meet our reporting and financial obligations, each of which could have a material adverse effect on our financial condition and the trading price of our common stock.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: DEFAULTS UPON SENIOR SECURITIES
+Added: MINE SAFETY DISCLOSURES
+Added: 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.