Wednesday, June 28, 2017 6:00:49 PM
So it's not debt owed, just an ugly running tally of cumulative annual losses.
Many new start ups do run deficits , all true. And eventually if the bleeding doesnt stop , bankruptcy and dissolution follows.
Successful start ups eventually turn profitable, erasing the accumulated deficit, and showing instead a surplus account on the balance sheet .
To date Bourque Industries has been unsuccessful and unprofitable.
Thats about as real as I can state it.
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