The company also said that its financial statements included in the 2022 annual report on Form 10-K and quarterly reports on Form 10-Q for the periods ended March 31, 2023, and September 30, 2022 should no longer be relied upon due to accounting errors.
Errors in the financial statement stem from a non-cash and non-operating item related to the change in the fair value upon conversion of the notes issued under the company’s securities purchase agreements, the company said.
Press Release.