Jun. 24 at 4:22 PM
$IONI Company 10k - released in April
We have concluded that substantial doubt exists about our ability to continue as a going concern, and if we cannot raise additional capital or generate sufficient cash flows, we may be forced to significantly curtail or cease operations.
There is risk that we may be unable to realize our assets and discharge our liabilities in the normal course of business. We have incurred recurring losses and used significant cash in operations, and we expect to continue to incur losses as we develop and commercialize our platform. Our plans to raise additional capital, secure related-party funding, and execute additional commercial term sheets may not be successful or may be available only on terms that are highly dilutive or otherwise unfavorable. If we cannot obtain sufficient financing or generate adequate cash flows, we may have to significantly curtail, suspend, or cease operations.
