Company: MIRA
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001183
Chunk: 4

Company: MIRA PHARMACEUTICALS, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 4
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 managed carefully. If not, it could have a material
impact on operations and cause results to differ significantly from expectations.

Acquisitions
involve a number of risks and difficulties, including: (i) expansion into new markets and business ventures; (ii) the requirement
to understand local business practices; (iii) the diversion of management’s attention to the assimilation of acquired operations
and personnel; (iv) being bound by client or vendor contracts with unfavorable terms; and (v) potential adverse effects on
a company’s operating results for various reasons, including, but not limited to, the following items: (a) the inability to
achieve financial targets; (b) the inability to achieve certain operating goals and synergies; (c) costs incurred to exit current
or acquired contracts or activities; (d) costs incurred to service any acquisition debt; and (e) the amortization or impairment
of intangible assets.

Due to
the multiple risks and difficulties associated with any acquisition, there can be no assurance that we will be successful in achieving
our expected strategic, operating, and financial goals for any such acquisition. 

Because
we have a limited operating history, you may not be able to accurately evaluate our operations.

We
have had limited operations to date. Therefore, we have a limited operating history upon which to evaluate the merits of investing in
our company. Potential investors should be aware of the difficulties normally encountered by new companies and the high rate of failure
of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications, and
delays encountered in connection with the operations that we plan to undertake. These potential problems include, but are not limited
to, unanticipated problems relating to the ability to generate sufficient cash flow to operate our business, and additional costs and
expenses that may exceed current estimates. We expect to continue to incur significant losses into the foreseeable future. We recognize
that if the effectiveness of our business plan is not forthcoming, we will not be able to continue business operations. There is no history
upon which to base any assumption as to the likelihood that we will prove successful, and it is doubtful that we will generate any operating
revenues or ever achieve profitable operations. If we are unsuccessful in addressing these risks, our business will most likely fail.

We
have significant and increasing liquidity needs and will require additional funding.

Our
operations have consumed substantial amounts of