Going concern
Filing comparison
Annovis Bio, Inc. no longer reports substantial doubt about going concern
Substantial doubt about ability to continue as a going concern → No substantial-doubt conclusion identified
The Company follows the provisions of Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, Topic 205-40, Presentation of Financial Statements-Going Concern, or ASC 205-40, which requires Management to assess the Company’s ability to continue as a going concern for one year after the date its financial statements are issued. The Company expects that its existing balance of cash and cash equivalents, as of September 30, 2026, is not sufficient to fund operations for the period through one year after the date of this filing and therefore, Management has…
Evidence
- Blank check
- No
- Comparable
- Yes
- Current state
- none
- Current state label
- No substantial-doubt conclusion identified
- Direction
- eased
- Located in
- going-concern note
- Prior filed
- 2026-08-14
- Prior form
- 10-Q
- 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.