Immersed SEC Filings Show Different Cash Totals — Form C/A Lists $1.59M, But C-AR Says $242K. Honest mistake or red flag?

Immersed (the company behind the Visor VR headset) recently filed two SEC documents just a day apart:

[Link to all sec filings](https://www.sec.gov/edgar/browse/?CIK=1817417)

- [**Form C/A (Apr 29, 2025)**](https://www.sec.gov/Archives/edgar/data/1817417/000167025425000523/xslC_X01/primary_doc.xml): Updates their Wefunder raise, increasing the max from ~$1M to **$5M**. Lists **$1,589,997** as “Cash and Cash Equivalents at Most Recent Fiscal Year-end.”

- [**Form C-AR (Apr 28, 2025)**](https://www.sec.gov/Archives/edgar/data/1817417/000167025425000448/xslC_X01/primary_doc.xml): Their annual report shows **only $242,490** in cash for 2024 — a steep drop from 2023.

This raises some big questions:

- Why did they leave the outdated 2023 number in the new C/A, even though the 2024 data was already filed?
- Does this suggest a lack of transparency, or is it just a sloppy oversight?
- Should investors be concerned that the campaign page and public filings may mislead those who don’t read both docs?

Would love to hear thoughts from startup folks, VR backers, and anyone who’s invested in Reg CF offerings.