Saleen Automotive, Inc. (fka SLNN)

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A document published by the United States Securities and Exchange Commission (SEC) reveals that American performance modifier Saleen Automotive is on the brink of filing for bankruptcy.

The report shows that Saleen owes a total of $5,634,841, including $583,900 in unpaid payroll taxes, $398,176 to a major bank that has been instrumental in keeping the company afloat and $376,888 in other miscellaneous liabilities. All told, Saleen’s total liabilities amount to $5,634,841.

As of September 30th, 2014, Saleen only had $7,261 in its coffers and its assets totaled a mere $688,629. A more recent financial statement is not available.

Saleen has not officially commented on its financial situation, but the company was quoted by the SEC as saying that its ability to survive is in doubt if it doesn’t manage to find a buyer in the near future.