Blum Holdings Inc (BLMH)

[mfdesigner]

Can any regular here explain why TRTC, within only three years of existence, can incur so much accumulated deficit? Can anyone provide a comprehensive itemized list of what they spent that 40+Mil on during the 3 years in operation?

Accumulated Deficit
Companies report negative retained earnings as accumulated deficit in the balance sheet. The accumulated deficit is a note to the original retained earnings account. For any more asset and operation losses, companies continue to report them in retained earnings to increase the accumulated deficit, while maintaining the balances of other capital accounts as initially recorded. However, the accumulated deficit is compared to balances of the contributed capital accounts. A company could be in an imminent danger of bankruptcy if the accumulated deficit has exceeded the amount of contributed capital.