Amyris to delay filing 10-K, may have further financial reporting deficiences
Amyris was unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2018 within the prescribed time period without unreasonable effort and expense because of the significant time and resources that were devoted to the accounting for and disclosure of the significant transactions with Koninklijke DSM N.V. that closed in November 2018. The company is also in the process of completing its evaluation of internal control over financial reporting for 2018 and finalizing related disclosures in the Form 10-K. These activities delayed the completion of the Form 10-K. As previously reported in Part II, Item 9A, "Controls and Procedures" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, the company has identified a material weakness in its internal control over financial reporting, which material weakness remains unremediated as of December 31, 2018. The company is in the process of completing its evaluation of internal control over financial reporting and may have further deficiencies to report. In addition, the company expects to continue to report that there is substantial doubt about its ability to continue as a going concern.