Sona Nanotech Inc.
Climate Impact & Sustainability Data (2022, January 31, 2024)
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Limited operating history and continuing losses.
- Additional funding requirements.
- Dilution through raising capital.
- Intellectual property rights and infringement.
- COVID-19 pandemic.
- Medical device regulation.
- Litigation.
- Competition.
- Confidentiality of its trade secrets.
- Current research and development.
- Management of internal resources during periods of company growth.
- Development and sales and marketing capabilities.
- Commercializing its products.
- Debt obligations.
- New products and lack of any manufacturing facilities.
- Political, regulatory and other similar risks.
- Cyber security incidents and privacy breaches.
- Impact of laws.
- Availability of supplies, transportation providers, and skilled labour.
- Environmental regulation.
- Reliance on key employees.
- Conflict of interest of management.
- Availability of equipment and access restrictions.
- Uninsured or uninsurable risks.
- Volatility of current global economic or financial conditions.
- Foreign currency risk.
- Potential volatility of market price of shares.
- Securities or industry analysts reports.
- Shareholders have limited control.
- Financial reporting and other disclosure requirements.
- Internal controls and procedures.
Mitigation Strategies
- Pursuing additional financing alternatives.
- Seeking patent protection for its technologies.
- Entering into non-disclosure and confidentiality agreements.
- Maintaining insurance coverage.
- Implementing and improving managerial, operational and financial systems.
- Expanding facilities and recruiting and training personnel.
- Developing a sales and marketing organization or outsourcing these functions.
- Taking appropriate measures and safeguards to protect its staff from infection.
- Taking measures to protect its staff from infection.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: January 31, 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Limited operating history and continuing losses.
- Additional funding requirements.
- Intellectual property rights and infringement.
- Medical device regulation.
- Litigation.
- Competition.
- Confidentiality of its trade secrets.
- Current research and development.
- Management of internal resources during periods of company growth.
- Development and sales and marketing capabilities.
- Commercializing its products.
- Debt obligations.
- New products and lack of any manufacturing facilities.
- Political, regulatory and other similar risks.
- Cyber security incidents and privacy breaches.
- Impact of laws.
- Availability of supplies, transportation providers, and skilled labour.
- Environmental regulation.
- Reliance on key employees.
- Conflict of interest of management.
- Availability of equipment and access restrictions.
- Uninsured or uninsurable risks.
- Volatility of current global economic or financial conditions.
- Foreign currency risk.
- Potential volatility of market price of shares.
- Securities or industry analysts reports.
- Shareholders have limited control.
- Financial reporting and other disclosure requirements.
- Internal controls and procedures.
Mitigation Strategies
- Pursuing additional financing alternatives.
- Seeking patent protection for its technologies.
- Conducting clinical trials to support regulatory approval applications.
- Contesting claims and mounting a vigorous defense in litigation.
- Developing a sales and marketing organization or outsourcing these functions.
- Implementing and improving its managerial, operational and financial systems.
- Expanding its facilities and recruiting and training additional qualified personnel.
- Maintaining insurance to protect against certain risks.
- Taking appropriate measures and safeguards to protect its staff from infection.
- Designing disclosure controls and procedures and internal controls over financial reporting.