A stock that continues to trade, and no longer provides a product or service, eventually becomes a shell. At the time ASYI submitted their 10q, they checked the box saying they were not a shell, however,they still had issues to attend to as most companies who seek reverse merger candidates, and will have to address those issues. I will post this again, as my last post was so conveniently deleted,
There is obviously a transition that takes place prior to a merger:
The problem with reverse mergers is that the Shell Company sells at a serious discount for a reason; it is riddled with liabilities, lawsuits, and other problems. Consequently, very intense due diligence is required to "clean the shell" before the reverse merger can take place
So there is a process that takes place prior to the r/m to clean the shell. For all we know, as it's been awhile since the last 10Q, this may have already been accomplished.