Overview
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- TickerAIDX on Nasdaq2
- IndustryServices-Testing Laboratories2
- HeadquartersRockville, United States2
- Incorporated inDE3
- Business address9430 Key West Avenue, Suite 100, Rockville, Md 208503
- Filer category, Emerging growth company3
- Legal formCorporation2
- LEI5493002L38RIRZD5JQ112
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 32561452
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O, Khan S. “Exploring Circulating Tumor DNA (CtDNA) and Its Role in Early Detection of Cancer: A Systematic Review.” Cureus.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
One Test brought in 88% of the revenue 20/20 Biolabs, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| One Test | $1.5M | $1.8M |
| Bio Check | $177.3K | $152.0K |
| CLIAx | $84.2K | $89.4K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue27¢$1.4M
- Research and development11¢$592.6K
- Selling, general and admin62¢$3.3M
Out of $2.0M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $2.0M | $1.8M |
| Cost of revenues | $1.4M | $1.4M |
| Gross profit | $604.5K | $360.3K |
| Sales, general and administrative | $3.3M | $4.8M |
| Research and development | $592.6K | $1.3M |
| Loss on impairment of fixed assets | $16.4K | |
| Total operating expenses | $3.9M | $6.0M |
| Operating loss | -$3.3M | -$5.7M |
| Interest expense | -$156.2K | -$12.6K |
| Interest income | $21.4K | $79.5K |
| Change in fair value of derivative liabilities | $7.7K | |
| Loss on issuance of convertible note | -$280.8K | |
| Other (expense) income, net | -$115 | $58.9K |
| Total other (expense) income | -$407.9K | $125.7K |
| Net loss | -$3.7M | -$5.6M |
| Basic net loss per common share (in Dollars per share) | -$0.76 | -$1.16 |
| Diluted net loss per common share (in Dollars per share) | -$0.76 | -$1.16 |
| Weighted-average common shares outstanding, basic (in Shares) | 4.9M shares | 4.8M shares |
| Weighted-average common shares outstanding, diluted (in Shares) | 4.9M shares | 4.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-01-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.0M | $1.8M | ||
| Accounts receivable, net | $200.0K | $135.3K | $68.8K | |
| Inventory | $116.2K | $47.2K | ||
| Prepaid expenses and other current assets | $129.0K | $67.8K | ||
| Total current assets | $1.5M | $2.0M | ||
| License agreement, net | $271.1K | $293.6K | ||
| Property and equipment, net | $56.7K | $116.7K | ||
| Intangible assets, net | $202.3K | $205.5K | ||
| Right-of-use asset, net | $605.3K | $772.4K | ||
| Deferred offering costs | $1.5M | |||
| Other assets | $23.1K | $162.0K | ||
| Total assets | $4.1M | $3.6M | ||
| Accounts payable | $868.5K | $372.3K | ||
| Accrued liabilities | $785.8K | $346.6K | ||
| Deferred revenue | $414.9K | $470.5K | ||
| Derivative liability | $143.4K | |||
| Convertible note | $74.6K | |||
| Operating lease liability current | $175.9K | $165.7K | ||
| Total current liabilities | $2.5M | $1.4M | ||
| Convertible notes payable, net | $619.4K | |||
| Deferred revenue long-term | $41.8K | $50.0K | ||
| Derivative liabilities long-term | $543.5K | |||
| Operating lease liability long term | $488.7K | $673.8K | ||
| Total long-term liabilities | $1.7M | $723.8K | ||
| Total liabilities | $4.2M | $2.1M | ||
| Common stock, $0.01 par value; 50,000,000 authorized; 5,442,249 and 4,823,125 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $54.4K | $48.2K | ||
| Subscription receivable | -$28.7K | |||
| Additional paid-in capital | $33.1M | $30.9M | ||
| Accumulated deficit | -$33.2M | -$29.5M | ||
| Total stockholders (deficit) equity | -$19.2K | $1.5M | $4.3M | |
| Total liabilities and stockholders equity | $4.1M | $3.6M | ||
| Common stock, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued (in Shares) | 5.4M shares | 4.8M shares | 3.0M shares | |
| Common stock, shares outstanding (in Shares) | 5.4M shares | 4.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-01-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.0M | $1.8M | ||
| Accounts receivable, net | $200.0K | $135.3K | $68.8K | |
| Inventory | $116.2K | $47.2K | ||
| Prepaid expenses and other current assets | $129.0K | $67.8K | ||
| Total current assets | $1.5M | $2.0M | ||
| License agreement, net | $271.1K | $293.6K | ||
| Property and equipment, net | $56.7K | $116.7K | ||
| Intangible assets, net | $202.3K | $205.5K | ||
| Right-of-use asset, net | $605.3K | $772.4K | ||
| Deferred offering costs | $1.5M | |||
| Other assets | $23.1K | $162.0K | ||
| Total assets | $4.1M | $3.6M | ||
| Accounts payable | $868.5K | $372.3K | ||
| Accrued liabilities | $785.8K | $346.6K | ||
| Deferred revenue | $414.9K | $470.5K | ||
| Derivative liability | $143.4K | |||
| Convertible note | $74.6K | |||
| Operating lease liability current | $175.9K | $165.7K | ||
| Total current liabilities | $2.5M | $1.4M | ||
| Convertible notes payable, net | $619.4K | |||
| Deferred revenue long-term | $41.8K | $50.0K | ||
| Derivative liabilities long-term | $543.5K | |||
| Operating lease liability long term | $488.7K | $673.8K | ||
| Total long-term liabilities | $1.7M | $723.8K | ||
| Total liabilities | $4.2M | $2.1M | ||
| Common stock, $0.01 par value; 50,000,000 authorized; 5,442,249 and 4,823,125 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $54.4K | $48.2K | ||
| Subscription receivable | -$28.7K | |||
| Additional paid-in capital | $33.1M | $30.9M | ||
| Accumulated deficit | -$33.2M | -$29.5M | ||
| Total stockholders (deficit) equity | -$19.2K | $1.5M | $4.3M | |
| Total liabilities and stockholders equity | $4.1M | $3.6M | ||
| Common stock, par value (in Dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued (in Shares) | 5.4M shares | 4.8M shares | 3.0M shares | |
| Common stock, shares outstanding (in Shares) | 5.4M shares | 4.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$3.7M | -$5.6M |
| Depreciation and amortization | $63.3K | $116.0K |
| Stock based compensation | $516.2K | $2.2M |
| Amortization of license fees | $22.5K | $22.5K |
| Amortization of right-of-use assets, net of liabilities | -$7.8K | -$2.8K |
| Amortization of debt discount | $115.2K | $5.0K |
| Change in fair value of derivative liability | -$7.7K | |
| Loss on issuance of convertible note | $280.8K | |
| Loss on impairment of fixed assets | $16.4K | |
| Accounts receivable | -$64.7K | -$66.4K |
| Inventory | -$69.1K | $13.5K |
| Prepaid expenses and other assets | $77.7K | $215.0K |
| Accounts payable | $496.2K | $12.0K |
| Accrued liabilities | $419.3K | $172.4K |
| Interest payable | $41.0K | $7.7K |
| Deferred revenue | -$63.8K | $265.6K |
| Net cash used in operating activities | -$1.9M | -$2.6M |
| Proceeds from issuance of convertible notes payable | $988.5K | |
| Proceeds from issuance of Series D preferred stock | $192.3K | $293.3K |
| Proceeds from issuance of pre-delivery shares | $4.8K | |
| Deferred offering costs | -$23.9K | |
| Net cash provided by financing activities | $1.2M | $293.3K |
| Decrease in cash and cash equivalents | -$758.0K | -$2.3M |
| Deferred offering costs issuance of common stock issued as offering costs | $1.5M | |
| Derivative liabilities recognized as debt discounts | $430.8K | |
| Conversion of convertible notes payable and accrued interest to common stock | $241.8K | |
| Subscription receivable - Issuance of series D preferred | $28.7K | |
| Officer forgiveness of accrued compensation | $58.4K |
No quarter-by-quarter statement was filed.
Corporate structure
20/20 Biolabs, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of 20/20 Biolabs, Inc.
- Full Succeed International Ltd Filed SCHEDULE 13G on 20/20 Biolabs, Inc., latest Mar 10, 2026
- Jonathan M. Cohen Filed SCHEDULE 13D on 20/20 Biolabs, Inc., latest Mar 10, 2026
- Streeterville Capital LLC Filed SCHEDULE 13G on 20/20 Biolabs, Inc., latest Feb 25, 2026
- 20/20 Biolabs, Inc. Rockville, Maryland, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What 20/20 Biolabs, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $581.2K5 Dec 31, 2025 | $581.2K5 Dec 31, 2024 | 0% |
| Accumulated depreciation | $524.6K5 Dec 31, 2025 | $464.6K5 Dec 31, 2024 | +12.9% |
| Property and equipment, net | $56.7K5 Dec 31, 2025 | $116.7K5 Dec 31, 2024 | −51.4% |
| Operating-lease assets (leased space) | $605.3K5 Dec 31, 2025 | $772.4K5 Dec 31, 2024 | −21.6% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $202.3K5 Dec 31, 2025 | $205.5K5 Dec 31, 2024 | −1.6% |
| Finite-lived intangibles, gross | $243.6K5 Dec 31, 2025 | $243.6K5 Dec 31, 2024 | 0% |
| Accumulated amortization | $41.4K5 Dec 31, 2025 | $38.1K5 Dec 31, 2024 | +8.6% |
| Finite-lived intangibles, net | $202.3K5 Dec 31, 2025 | $205.5K5 Dec 31, 2024 | −1.6% |
Inventory
Properties, in its own words
On March 18, 2021, we entered into a lease agreement for a new office and laboratory space totaling 5,511 square feet in Gaithersburg, Maryland. The term of the lease commenced on December 1, 2021 and expires 88 months thereafter. The initial monthly rent is $10,676 with annual increases to $17,308 for the final year of the lease. We will also pay our 7.75% pro rata portion of the property taxes, operating expenses and insurance costs and are also responsible for paying for the utilities used on the premises.
We believe that all our properties have been adequately maintained, are generally in good condition, and are suitable and adequate for our business.
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Who has led 20/20 Biolabs, Inc., and when. Pick a name to see everywhere that person has worked.
- Chief financial officerAlan B. Bergman Feb 17, 2026 to now8
- Chief operating officerJiming Zhou Feb 17, 2026 to now9
Board members and other officers (3)
- Board memberJohn G. Compton Feb 17, 2026 to now10
- Board memberMichael A. Ross Feb 17, 2026 to now11
- Board memberPrasanth Reddy Feb 17, 2026 to now12
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
- Sep 18, 20268-K Shareholder vote14
- Sep 10, 20268-K Listing notice or transfer15
- Sep 2, 20268-K Regulation FD disclosure16
- Aug 19, 20268-K Shareholder vote17
- Aug 17, 20268-K Results of operations18
- Aug 5, 20268-K Regulation FD disclosure19
- Jul 22, 20268-K Entered a material agreement; Listing notice or transfer20
- Jul 1, 20268-K Regulation FD disclosure21
- May 26, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed22
- May 20, 20268-K Results of operations23
- Apr 28, 20268-K Entered a material agreement24
- Apr 1, 20268-K Results of operations25
- Aug 7, 2000Founded 20/20 Biolabs, Inc. is founded2
Calendar
Coming up
- Nov 13, 2026Reports results for the quarter ending Sep/202626
When it reported results
- Aug 17, 2026Reported quarterly or annual results18
- May 20, 2026Reported quarterly or annual results23
- Apr 1, 2026Reported quarterly or annual results25
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
97 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 12 major events, 17 insider forms, 3 large holders, 1 private raises, 61 other. The latest 20:
- Oct 6, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
- Sep 18, 20268-K CURRENT REPORT EDGAR
- Sep 10, 20268-K CURRENT REPORT EDGAR
- Sep 2, 20268-K CURRENT REPORT EDGAR
- Aug 19, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Aug 19, 20268-K CURRENT REPORT EDGAR
- Aug 17, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- Aug 17, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- Aug 17, 20268-K CURRENT REPORT EDGAR
- Aug 14, 202610-Q QUARTERLY REPORT EDGAR
- Aug 5, 20268-K CURRENT REPORT EDGAR
- Jul 22, 20268-K CURRENT REPORT EDGAR
- Jul 1, 20268-K CURRENT REPORT EDGAR
- Jun 23, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
- Jun 23, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
- Jun 1, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
- May 26, 20268-K CURRENT REPORT EDGAR
- May 21, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- May 21, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- May 20, 202610-Q QUARTERLY REPORT EDGAR
The 97 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Full Succeed International LtdSCHEDULE 13G, 1 filing Mar 10, 202627
- Jonathan M. CohenSCHEDULE 13D, 1 filing Mar 10, 202628
- Streeterville Capital LLCSCHEDULE 13G, 1 filing Feb 25, 202629
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $70.0K
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2025 | $70.0K | $70.0K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Cresset Asset Management, LLC | 240,122 | $132.0K | 0.0% | −24,246 |
| Vanguard Fiduciary Trust Co | 52,087 | $28.6K | 0.0% | New |
| Geode Capital Management, LLC | 49,141 | $27.0K | 0.0% | New |
| Atlantic Union Bankshares Corp | 35,099 | $19.3K | 0.0% | New |
| Vanguard Capital Management LLC | 24,530 | $13.5K | 0.0% | New |
| Citadel Advisors LLC | 23,205 | $12.8K | 0.0% | +6,978 |
| Bank Of America Corp /de/ | 13,024 | $7.2K | 0.0% | New |
| Susquehanna International Group, Llp | 10,014 | $5.5K | 0.0% | New |
| Mcdonald Partners LLC | 2,800 | $1.5K | 0.0% | New |
| Signaturefd, LLC | 767 | $422 | 0.0% | New |
| Morgan Stanley | 283 | $156 | 0.0% | New |
| Allworth Financial LP | 172 | $95 | 0.0% | +142 |
| Toth Financial Advisory Corp | 100 | $55 | 0.0% | −57 |
| Hrt Financial LP | 89,273 | $49 | 0.0% | New |
| UBS Group AG | 3 | $2 | 0.0% | −8,311 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How 20/20 Biolabs, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAR20/20 Biolabs, Inc.1
- CIK0001139685
- Employer ID (EIN)57-22721074
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)8734 Services-Testing Laboratories1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address9430 Key West Avenue, Suite 100, Rockville, MD 208501
- Mailing address15810 Gaither Road, Suite 235, Suite 235, Gaithersburg, MD 208771
- Phone24045363391
- Shares outstanding12,770,303 as of Aug 14, 20266
- Public float$0 as of Jun 30, 20255
- Auditormckennon, San Diego, California PCAOB ID 3501; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJan 18, 20021
- Filings165 in all: 8-K (12), 3 (10), CORRESP (10), 424B3 (9), C/A (9), 253G2 (8), UPLOAD (8), 1-A/A (7)1
All 40 form types
1-K (7), 1-U (7), 4 (7), C-AR (7), 1-SA (6), DRS/A (6), C (5), REGDEX (5), 253G1 (3), D (3), EFFECT (3), QUALIF (3), 1-A (2), 10-Q (2), C-U (2), D/A (2), DEFA14A (2), DRS (2), PRE 14A (2), S-1 (2), S-1/A (2), SCHEDULE 13G (2), 1-A POS (1), 1-K/A (1), 10-K (1), 8-A12B (1), C-AR-W (1), CERT (1), DEF 14A (1), NT 10-Q (1), POS AM (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Jun 23, 2026
Latest 8-K (8-K) Sep 18, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 | AIDX | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks 20/20 Biolabs, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 53 risks under these headings, as written.4
- Risks Related to Our Business and Industry
- With limited exceptions, we have incurred losses since our inception, and we expect to continue to generate losses for the foreseeable future.
- Our success will depend heavily on our cancer screening and longevity tests.
- We will need to attract additional capital to scale our business but have no assurance that we can do so successfully.
- We will spend a substantial amount of our capital on test validation, biomarker and data acquisitions, data analytics and algorithm development, but our products might not succeed in gaining widespread market acceptance.
- The success of our diagnostic tests depends on the degree of market acceptance by physicians, patients, government agencies and others who influence medical decision making.
- We are expecting patient self-pay to constitute a significant portion of our revenues for the foreseeable future and this revenue growth is contingent upon individuals’ willingness to pay out of pocket for our diagnostic tests.
- The commercial potential of our longevity test is unknown and unproven.
- The interface between the DII and our laboratory information system has not yet been implemented.
- The viability of offering automated, tailored coupons for grocery purchases is untested and unproven by us.
- Our CLIAx and CLIAx fund might not contribute to our growth.
- We face substantial competition.
The other 42 risks
- If our diagnostics tests do not perform as expected, are misused or misinterpreted, or the reliability of the technology is questioned, we could experience delayed or reduced market acceptance of the tests, increased costs and damage to our reputation. False positives or false negatives could cause harm to patients and could result in action taken against our company.
- Our inability to manage growth could harm our business.
- We currently manufacture our tests predominantly in one facility and perform our testing in one laboratory facility. As demand for our tests grows, we may lack adequate facility space and capabilities to meet increased processing requirements. Moreover, if these or any future facilities or our equipment were damaged or destroyed, or if we experience a significant disruption in our operations for any reason, our ability to continue to operate our business could be materially harmed.
- There are a limited number of manufacturers of molecular diagnostic equipment and related chemical reagents necessary for the provision of our diagnostic tests.
- Our suppliers may experience development or manufacturing problems or delays that could limit the growth of our revenue or increase our losses.
- To achieve widespread use of our diagnostic test and commercial scale, some individual consumers may need convenient access to blood draw services, but we cannot guarantee that these service providers will be willing to perform them.
- Our capillary blood collection devices are manufactured by other companies, and we cannot guarantee that we will have a continued supply of these devices or that the costs for them will not rise significantly.
- We have limited sales and marketing resources and few distribution resources for the commercialization of any diagnostic tests that we have developed.
- The sizes of the markets for our diagnostic tests and services and any future diagnostic tests and services may be smaller than we estimate and may decline.
- If we fail to enter into and maintain successful strategic alliances for diagnostic tests that we elect to co-develop, co-market, or out-license, we may have to reduce or delay our diagnostic test development or increase our expenditures.
- We may become dependent on possible future collaborations to develop and commercialize many of our diagnostic test candidates and to provide the manufacturing, regulatory compliance, sales, marketing and distribution capabilities required for the success of our business.
- The success of our business is substantially dependent upon the efforts of our senior management team and our ability to attract additional personnel.
- Certain jurisdictions in which we may do business may not provide the same level of legal protections and enforcement of contract and intellectual property rights to which investors are accustomed in the United States.
- Adverse U.S. and global market, economic and political conditions, including the ongoing conflict between Ukraine and Russia, recent events in the Middle East and other events or circumstances beyond our control could have a material adverse effect on us.
- The obligations associated with being a public company will require significant resources and management attention, and we will incur increased costs.
- We may not complete our analysis of our internal control over financial reporting in a timely manner, or these internal controls may not be determined to be effective.
- We have previously restated our financial statements and may be required to restate our financial statements in the future, which could materially and adversely affect our business, financial condition, results of operations and the trading price of our securities.
- Risks Related to Intellectual Property
- If we are unable to obtain and enforce patents and to protect our trade secrets, others could use our technology to compete with us, which could create undue competition and pricing pressures. There is no certainty that our pending or future patent applications will result in the issuance of patents or that our issued patents will be deemed enforceable.
- The preparation, filing, and prosecution of patent applications can be costly and time consuming.
- Our patents may not protect our diagnostic tests from competition.
- If we fail to meet our obligations under various license, license option, and technology transfer agreements, we may lose our rights to key technologies or data sources on which our business depends.
- Risks Related to Healthcare Government Regulation, Reimbursement, Product Safety and Effectiveness
- We have relied on and expect to continue to rely on third parties to conduct studies of our diagnostics tests that will be required to meet our obligations under CLIA, CAP and/or other regulatory authorities and those third parties may not perform satisfactorily.
- We must successfully maintain and/or upgrade our information technology systems, and our failure to do so could have a material adverse effect on our business, financial condition or results of operations.
- Our business and operations could suffer in the event of system failures.
- International operations could subject us to risks and expenses that could adversely impact the business and results of operations.
- New FDA regulations of lab tests could significantly impact our commercial operations.
- We are required to comply with federal and state laws governing the privacy of health information, and any failure to comply with these laws could result in material criminal and civil penalties.
- We are subject to federal and state healthcare fraud and abuse laws and regulations and could face substantial penalties if we are unable to fully comply with such laws.
- If we become subject to claims relating to the receipt and handling of bio-hazardous materials (including infected blood), we could incur significant cost and liability.
- In the event that one or more lawsuits are filed against us, we could be subject to reputational risk.
- Risks Related to Ownership of Our Common Stock
- We may not be able to maintain a listing of our common stock on Nasdaq.
- An active trading market may not develop or continue to be liquid, and the market price of our common stock may be volatile.
- We have never paid cash dividends on our common stock, and we do not intend to pay dividends for the foreseeable future.
- Future issuances of our common stock or securities convertible into, or exercisable or exchangeable for, our common stock, could cause the market price of our common stock to decline and would result in the dilution of your holdings.
- Future issuances of debt securities, which would rank senior to our common stock upon our bankruptcy or liquidation, and future issuances of preferred stock, which could rank senior to our common stock for the purposes of dividends and liquidating distributions, may adversely affect the level of return you may be able to achieve from an investment in our common stock.
- Investors in our common stock may be unable to bring claims under Sections 11 and 12(a)(2) of the Securities Act due to the tracing requirement, which may limit the remedies available to investors in a direct listing.
- If securities industry analysts do not publish research reports on us, or publish unfavorable reports on us, then the market price and market trading volume of our common stock could be negatively affected.
- If our shares of common stock become subject to the penny stock rules, it would become more difficult to trade our shares.
- We are subject to ongoing public reporting requirements that are less rigorous than Exchange Act rules for companies that are not emerging growth companies and our stockholders could receive less information than they might expect to receive from more mature public companies.
- We are also a smaller reporting company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements available to smaller reporting companies, this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies.
- Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, and limit attempts by our stockholders to replace or remove our current management.
Legal proceedings
From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9SEC EDGARJiming Zhou, Chief operating officer
- 10SEC EDGARJohn G. Compton, Board member
- 11SEC EDGARMichael A. Ross, Board member
- 12SEC EDGARPrasanth Reddy, Board member
- 13
- 14SEC EDGARShareholder vote
- 15SEC EDGARListing notice or transfer
- 16SEC EDGARRegulation FD disclosure
- 17SEC EDGARShareholder vote
- 18SEC EDGARResults of operations
- 19SEC EDGARRegulation FD disclosure
- 20
- 21SEC EDGARRegulation FD disclosure
- 22
- 23SEC EDGARResults of operations
- 24SEC EDGAREntered a material agreement
- 25SEC EDGARResults of operations
- 26NasdaqNasdaq calendar
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