ADNH — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2025-11-17

• On August 1, 2025, the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with Hudson Global Ventures LLC (“Hudson”), pursuant to which Hudson made a loan to the Company, evidenced by a Convertible Promissory Note in the aggregate principal amount of $235 thou…

• Pursuant to the Securities Purchase Agreement, the Company has also agreed to issue a pre-funded warrant to Hudson Global Ventures (“Hudson”) to purchase 130,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), with an exercise price of $0.0001 per share (the “…

• Under the Promissory Note, the Company is required to make eleven (11) payments of $23,927.27 (each payment, an “Amortized Payment”). The first Amortized Payment is due on September 1, 2025, with ten (10) subsequent Amortized Payments due each month thereafter. The Promissory Note is not secured by …

• In the event the Company fails to make an Amortized Payment in a timely fashion, Hudson will have the right to convert an amount up to the Mandatory Default Amount (as defined below) at a conversion price equal to the lower of (i) the Conversion Price (as defined below) and (ii) 80% of the lowest tr…

• At the option of Hudson, the Promissory Note may be converted into a number of shares of Common Stock equal to the number determined by dividing (x) that portion of the outstanding balance of the Promissory Note identified by the Company of (A) the outstanding principal amount of the Promissory Note…

Text removed vs the prior filing · source: 10-Q · 2025-08-12

• Additionally, on October 18, 2024, we received a letter from Nasdaq notifying the Company that since the Company’s Form 10-Q for the period ended June 30, 2024, reported stockholders’ equity of ($2,879,000), and as of the date of such letter the Company did not meet the alternatives of market value …

• Net gains / (losses) on disposal/write-off property, plant and equipment and intangible assets - (12,714 ) 12,714 (100.0 )%

• Our income from grants decreased by approximately $0.4 million from approximately $0.4 million in the three months ended June 30, 2024 to approximately $1 thousand in the three months ended June 30, 2025. The decrease was driven by an increase in deferred revenue from grants in the three months ende…

• We recognized credit losses on customer contracts of $0.3 million during the three months ended June 30, 2025, which was an increase of $0.3 million from June 30, 2024.

• The Company accrued interest expense of $(0.3) million related to the short term note payable and the loss contingency accrued in relation to the decision of F.E.R. in the amount of approximately €4.5 million for the three months ended June 30, 2025.