11 unchanged sentences
Our recent collaborative revenue was due to the recognition of deferred revenue as a result of opting out of an agreement, and is not a recurring source of revenue.
−Removed: As of June 30, 2021, we had an accumulated deficit of $304.2 million.
+Added: As of September, 30, 2021, we had an accumulated deficit of $313.4 million.
We expect to continue to incur significant losses for the foreseeable future, and we expect these losses to increase as we continue our research and development of, and seek regulatory approvals for, our product candidates.
7 unchanged sentences
Our operations and the historic operations of Sonkei and Mind-NRG have consumed substantial amounts of cash since inception.
−Removed: As of June 30, 2021, we had cash, cash equivalents, and restricted cash of $74.3 million.
+Added: As of September 30, 2021, we had cash, cash equivalents, and restricted cash of $65.7 million.
We believe that our existing cash, cash equivalents, and restricted cash will be sufficient to meet our cash commitments for at least the next 12 months after the date that our interim condensed financial statements are issued.
21 unchanged sentences
To support the health and well-being of our employees, partners and communities, we implemented work-from-home policies for our employees, which continue to be in effect.
−Removed: While certain jurisdictions, including Massachusetts, have begun a phased re-opening of businesses and governmental agencies, there remain limitations on the physical operations of businesses and prohibitions on certain non-essential gatherings, and it is unclear if such phased re-openings will continue or be rolled back, and there is uncertainty about when, if, or how our workforce may return.
−Removed: The effects of the state executive order, local shelter-in-place orders, government-imposed quarantines and our work-from-home policies, including the uncertainty about their duration, may negatively impact productivity, disrupt our business and delay our clinical programs and timelines.
−Removed: The magnitude of these negative effects will depend, in part, on the length and severity of the restrictions and other limitations on our ability to conduct our business in the ordinary course, and our ability to respond with minimal disruptions to the evolving restrictions, reopenings, and any future curtailment.
+Added: While global vaccination efforts are underway and certain jurisdictions, including Massachusetts, have reopened businesses and governmental agencies, there remain limitations on the physical operations of businesses and prohibitions on certain non-essential gatherings, and we are unable to accurately predict the full impact that COVID-19 will have due to numerous uncertainties, including the duration of the outbreak, the result of vaccination efforts, resurgence of the virus, actions that may be taken by governmental authorities, the impact on our business including our clinical programs and timelines, and the impact to the business of our service providers and partners.
+Added: The magnitude of the negative effects of COVID-19 will depend, in part, on the length and severity of the restrictions and other limitations on our ability to conduct our business in the ordinary course, and our ability to respond with minimal disruptions to the evolving restrictions, reopenings, and any future curtailment.
These and similar, and perhaps more severe, disruptions in our operations in response to the ongoing COVID-19 pandemic and any future health pandemics or epidemics could negatively impact our business, operating results and financial condition.
12 unchanged sentences
These effects could have a material impact on our operations, and we will continue to monitor the COVID-19 pandemic closely.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: Defaults upon Senior Securities
+Added: Not applicable.
+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.