NeoMedia Technologies, Inc (NEOM)

[jacksira]

Hello Sorry, Read it wrong! Solid company for sure!!!

Net cash used by operations during the six months ended June 30, 2015 and 2014, respectively, was $45,000 and $197,000. As of June 30, 2015, we have an accumulated deficit of $242.1 million, and a working capital deficit of $41.8 million, including $40.6 million in current liabilities for our derivative and debenture financing instruments.

When a business has paid more dividends and generated more net losses than profits over the life of the business, it has negative retained earnings, which it reports as an accumulated deficit in the stockholders' equity section of its balance sheet.