30 unchanged sentences
Our recurring losses from operations have raised substantial doubt regarding our ability to continue as a going concern.
−Removed: We have recognized recurring losses, and as of June 30, 2024, had an accumulated deficit of $107.0 million.
+Added: We have recognized recurring losses, and as of September 30, 2024, had an accumulated deficit of $109.8 million.
We anticipate operating losses to continue for the foreseeable future due to, among other things, costs related to research funding, further development of our technology and products and expenses related to the commercialization of our products.
These efforts may be more costly than we expect, and we may not be able to generate revenue to offset our increased operating expenses.
−Removed: We expect our cash and cash equivalents of $4.4 million as of June 30, 2024 to be insufficient to meet our operating expenses and capital expenditure requirements for at least 12 months from the filing of this 10-Q.
+Added: We expect our cash and cash equivalents of $1.8 million as of September 30, 2024 to be insufficient to meet our operating expenses and capital expenditure requirements for at least 12 months from the filing of this 10-Q.
Our forecast of the period of time through which our current financial resources will be adequate to support our operations and the costs to support our general and administrative and research and development activities are forward-looking statements and involve risks and uncertainties.
10 unchanged sentences
The perception that we may not be able to continue as a going concern may cause others to choose not to deal with us due to concerns about our ability to meet our contractual obligations.
−Removed: Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On May 2, 2024, we issued 50,000 shares of common stock to a consultant with a value of $48 thousand.
−Removed: Such issuances were exempt from registration under 4(a)(2) of the Securities Act and Regulation D promulgated thereunder.
−Removed: Defaults Upon Senior Securities
−Removed: Mine Safety Disclosures
−Removed: 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.