SEC FILE NUMBER | |||||
001-31932 | |||||
CUSIP NUMBER 683373104 |
(Check one): | Form 10-K Form 20-F Form 11-K Form 10-Q Form 10-D Form N-CEN Form N-CSR | ||||||||||||||||
For Period Ended: | December 31, 2022 | ||||||||||||||||
Transition Report on Form 10-K | |||||||||||||||||
Transition Report on Form 20-F | |||||||||||||||||
Transition Report on Form 11-K | |||||||||||||||||
Transition Report on Form 10-Q | |||||||||||||||||
For the Transition Period Ended: | __________________________ | ||||||||||||||||
Read Instruction (on back page) Before Preparing Form. Please Print or Type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. |
(a) | The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; | |||||||
(b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and | |||||||
(c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
(1) | Name and telephone number of person to contact in regard to this notification | |||||||||||||||||||
James J. Park | 310 | 444-4300 | ||||||||||||||||||
(Name) | (Area Code) | (Telephone Number) |
(2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). | |||||||
Yes No | ||||||||
(3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? | |||||||
Yes No | ||||||||
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. The Company expects to report revenue for 2022 of $14.5 million, representing an 83% decrease from prior year, and net loss of $(51.6) million, or a $(2.60) diluted net loss per common share (after deduction for declared and undeclared dividends on the Company's preferred stock), compared to net loss of $(37.1) million, or a $(2.47) diluted net loss per common share (after deduction for declared and undeclared dividends on the Company's preferred stock) for the prior year. | ||||||||
Date: | March 31, 2023 | By: | /s/ James J. Park | |||||||||||||||||
James J. Park | ||||||||||||||||||||
Chief Financial Officer |