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Re: The_Free_Nebula post# 3921

Monday, 05/18/2015 6:04:30 PM

Monday, May 18, 2015 6:04:30 PM

Post# of 4094
Page 13 of the 10Q...is pretty clear...

Accumulated deficit -33,883,530

A definition and possible impact
Effect of Accumulated Deficit

An accumulated deficit reduces stockholders’ equity on the balance sheet, which decreases stockholders’ stake in the company. A company with an accumulated deficit has no profits reinvested in its business and relies on its cash or other financing to remain in business. Banks might not lend to a business with an accumulated deficit. If a company’s cash runs out and it fails to turn a profit, it might end up in bankruptcy.





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