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.