Going concern
Filing comparison
STRATA Skin Sciences, Inc. disclosed substantial doubt about its ability to continue as a going concern
No going-concern disclosure → Substantial doubt about ability to continue as a going concern
As a result, all of our long-term debt has been classified as current in the consolidated balance sheet, resulting in negative working capital. This, combined with our history of operating losses, raises substantial doubt about our ability to continue as a going concern for the next 12 months from the filing of this Annual Report. Specifically, our ability to meet our obligations and continue operations is dependent upon regaining compliance with our debt covenants, modifying our existing debt, or successfully securing additional sources of liquidity and financing, as well as addressing other…
Evidence
- Blank check
- No
- Comparable
- Yes
- Current state
- substantial_doubt
- Current state label
- Substantial doubt about ability to continue as a going concern
- Direction
- escalated
- Located in
- going-concern note
- Prior filed
- 2025-04-30
- Prior form
- 10-K/A
- Prior state
- none
- Prior state label
- No going-concern disclosure
- Source
- ASC 205-40 going-concern note comparison
- Why
- Disclosure about the company's ability to continue as a going concern changed compared with its previous report.