If that were the case, they wouldn't need to have the loan personally guaranteed by an investor who bought in at double the current price and loaned them $1 million.
From the latest 10Q
"Since our inception in 1998, until commencement of our spine injury diagnostic operations in August, 2009, our expenses substantially exceeded our revenue, resulting in continuing losses and an accumulated deficit from operations of $15,004,698 as of December 31, 2009. Since that time, we have been able to reduce our deficit, and our accumulated deficit is $14,277,965 as of June 30, 2014. During the six months ended June 30, 2014, we realized net revenue of $1,194,548 and a net loss of $633,532. Successful business operations and our transition to positive cash flows from operations are dependent upon obtaining additional financing and achieving a level of collections adequate to support our cost structure. Considering the nature of our business, we are not generating immediate liquidity and sufficient working capital within a reasonable period of time to fund our planned operations and strategic business plan through June 30, 2014. There can be no assurances that there will be adequate financing available to us. "
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"The world is a dangerous place, not because of those who do evil,but because of those who look on and do nothing". Albert
Einstein
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