XML 20 R9.htm IDEA: XBRL DOCUMENT v3.22.1
Management’s Liquidity Plan
12 Months Ended
Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Management’s Liquidity Plan

Note 2 – Management’s Liquidity Plan

 

As of December 31, 2021, the Company had a cash balance of $54.7 million and working capital of $53.5 million. Although the Company expects to continue incurring losses for the foreseeable future and may need to raise additional capital to sustain its operations, pursue its product development initiatives and penetrate markets for the sale of its products, Management believes that our capital resources at December 31, 2021, are sufficient to meet our obligations as they become due within one year after the date of this Annual Report, and sustain operations.