Annual report says
At December 31, 2016, the Company had a negative working capital of approximately $8.3 million, accumulated deficit of $127.6 million, and incurred a net loss of $4.0 million for the year then ended. Stockholders’ deficit totaled approximately $9.3 million at December 31, 2016, primarily due to recurring net losses from operations, deemed dividends on warrants and preferred stock, offset by proceeds from the exercise of options and warrants and proceeds from sales of stock.
This and convertibles about to get paid from financing should dilute the pps all the way down to $.10
Funny thing is how all this capital raising ventures and CEOs still making 300k per year lol!
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