Going concern
Filing comparison
Orgenesis Inc. no longer discloses a going-concern conclusion
Substantial doubt about ability to continue as a going concern → No going-concern disclosure
In addition, in order to fund our operations until such time that we can generate sustainable positive cash flows, we will need to raise additional funds. We expect our current and projected cash resources and commitments will not be sufficient to meet our obligations for the next 12 months, raising a substantial doubt about our ability to continue as a going concern. Our management’s plans include raising additional capital to fund our operations and to repay our outstanding loans when they become due, as well as exploring additional avenues to increase revenue and reduce capital…
Evidence
- Blank check
- No
- Comparable
- Yes
- Current state
- none
- Current state label
- No going-concern disclosure
- Direction
- eased
- Located in
- going-concern note
- Prior filed
- 2024-04-15
- Prior form
- 10-K
- Prior state
- substantial_doubt
- Prior state label
- Substantial doubt about ability to continue as a going concern
- 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.