−Removed: Unregistered Sales of Equity Securities
−Removed: and Use of Proceeds
−Removed: On March 11, 2025, the Company approved
−Removed: the issuance of 75,000 shares of the Company’s common stock to an investor relations firm it had engaged, in consideration of services
−Removed: to be rendered thereby.
−Removed: The offer and sale of these shares of common stock is exempt from the registration requirements of the Securities
−Removed: Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act, as a transaction not involving
−Removed: a public offering.
−Removed: Except as discussed
−Removed: above and as previously disclosed in our current reports on Form 8-K filed prior to the date of this Form 10-Q and in Note 12, Preferred
−Removed: Stock , to our accompanying unaudited condensed consolidated financial statements, we did not sell any unregistered securities or
−Removed: repurchase any of our securities during the three months ended March 31, 2025.
−Removed: The offers and sales disclosed in Note 12, Preferred
−Removed: Stock , to our accompanying unaudited condensed consolidated financial statements were exempt from the registration requirements
−Removed: of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act, as
−Removed: transactions not involving public offerings.
−Removed: See Part I, Item 2 under the caption
−Removed: “ Liquidity and Capital Resources ” for a description of limitations on the payment of dividends.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: Except as previously disclosed in our current and periodic reports filed prior to the date of this Form 10-Q and
+Added: in Note 13, Common Stock and Common Stock Purchase Warrants , to our accompanying unaudited condensed consolidated financial statements,
+Added: we did not sell any unregistered securities or repurchase any of our securities during the three months ended June 30, 2025.
+Added: (i) the common stock issued to vendors described in Note 13, Common Stock and Common Stock Purchase Warrants , to our accompanying
+Added: unaudited condensed consolidated financial statements, and (ii) the equity dividends described in Note 12, Preferred Stock , to
+Added: our accompanying unaudited condensed consolidated financial statements (which were previously disclosed in a current report filed prior
+Added: to the date of this Form 10-Q), were exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities
+Added: Act”), pursuant to Section 4(a)(2) of the Securities Act, as transactions not involving public offerings.
+Added: Part I, Item 2 under the caption “ Liquidity and Capital Resources ” for a description of limitations on the payment
+Added: of dividends.
Defaults Upon Senior Securities
−Removed: The information set forth in Part
−Removed: I, Item 2 under the caption “ Liquidity and Capital Resources — Senior Secured Convertible Notes, ” relating to
−Removed: the waiver of the Company’s default under the Financial Tests set forth in the September 2022 Senior Convertible Note, is incorporated
−Removed: herein by reference.
+Added: information set forth in Part I, Item 2 under the caption “ Liquidity and Capital Resources — Senior Secured Convertible
+Added: Notes, ” relating to the waiver of the Company’s default under the Financial Tests set forth in the September 2022 Senior
+Added: Convertible Note, is incorporated herein by reference.
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.