Overall, it's somewhat bad news. Here's an excerpt from page 29 of the 10-K annual report:
As a result, the report of the Company’s independent registered public accounting firm that accompanies these consolidated financial statements for the year ended December 31, 2015 contains an explanatory paragraph regarding the substantial doubt about the Company’s ability to continue as a going concern, which under the terms of the Company’s senior secured revolving credit facility (“senior credit facility”) may result in an event of default. If the Company does not obtain a waiver of this requirement or otherwise cure this event within 30 calendar days of the issuance of these financial statements, the lenders under the senior credit facility will be able to accelerate maturity of the debt. Any acceleration of the obligations under the senior credit facility would result in a cross-default and potential acceleration of the maturity of the Company’s other outstanding long-term debt. These defaults create additional uncertainty associated with the Company’s ability to repay its outstanding long-term debt obligations as they become due and further reinforces the substantial doubt over the Company’s ability to continue as a going concern.
