HydroPhi Technologies Group Inc. (fka HPTG)

[greenmachine2]

The 10-K Q1 2015 file states $1.5M is required from external investors to keep the current business operations: the sales, production of the units etc. going. The offering to the new cd's are limited by the rights of the current ones. Furthermore the comp. states to have no orders or any outlook in the future.
And finally the accountant is at odds over the preparation of the Q1 2015 10-K file.

Combine that with no money for sales and also they have practically no production stock I am really curious about what the comp. means by "have to seek bankruptcy protection." How would this look like?