TAP Real Estate Technologies Inc (RWAX)

[NoMoDo]

No.

Most of the liabilities is other long term liabilities.
So what? Those do come due at some point, right?

These are non cash charges.

Impairment of Goodwill and Digital Assets and Stock-Based Compensation

The Company incurred $8,652,893 in non-cash charges in the three months ended September 30, 2021 related to impairment of digital assets we hold as well as stock-based compensation to consultants, advisors, directors of $8,619,429. We incurred none of these charges for the three months ended September 30, 2020.

So the former is an accounting note that doesn't affect the bottom line at all. The latter causes dilution, but is what startups do at the beginning of a startup company. It is a question of debt or equity. They chose equity so they wouldn't run out of cash.