Red Flags Detected

• ⚠ Going Concern (new) — The company's financial statements and auditor's report include substantial doubt about its ability to continue as a going concern.
• ⚠ Controlled Company (new) — Cortigent will be a controlled company under NYSE rules, allowing it to rely on exemptions from independent director and committee requirements.
• ⚠ Related-party Debt (new) — The company owes Vivani $1.5 million from offering proceeds plus a $2 million promissory note at 5% interest due in five years.
• ⚠ Sole-source Suppliers (new) — Cortigent relies on a limited number of sole-source suppliers for critical manufacturing steps, increasing supply chain risk.
• ⚠ Co-owned Patents Without Agreements (new) — The company co-owns seven patents with third parties but lacks agreements on commercialization and enforcement, weakening its IP position.
• ⚠ No Product Liability Insurance (new) — Cortigent currently maintains no product liability insurance, exposing it to potential uninsured losses from product liability claims.