Substantial doubt raised, alleviated by management's plans → Substantial doubt about ability to continue as a going concern
Liquidity and Going Concern In accordance with Accounting Standards Codification 205-40, Presentation of Financial Statements - Going Concern, management evaluated whether there are conditions and events that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these Condensed Consolidated Financial Statements are issued. Since inception, the Company has incurred significant losses and used cash flows from operations to fund its enterprise. To preserve liquidity, management implemented fixed cost reduction plans in May 2025 and…
Substantial doubt about ability to continue as a going concern → Substantial doubt raised, alleviated by management's plans
Following the change in control, the Company intends to leverage its retained assets and operational infrastructure to pursue a streamlined growth strategy. In accordance with Accounting Standards Codification ("ASC") 205-40, Going Concern, management evaluated whether there are conditions and events that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these Condensed Consolidated Financial Statements are issued. • Since inception, we have incurred significant losses and used cash flows from operations to fund our enterprise.…
No entries in that period.