If you look at the balance sheet it is fairly straightforward that the $19m loss is a non cash item. When they did the stock split and the conversion of notes into equity they increased the outstanding capital stock by $19m. This was offset by a $19m loss booked to accumulated deficit. This loss is just geography on the financials though it does result in some dilution to the public shareholders.
The real economic loss is about $1m in 2015. About 40% of this is accrued salaries payable to management which they can't pay since they have no cash. I would bet at some point the accrued salaries are converted into equity since they will not be able to be cash settled. This is likely another source of dilution. It would take a lot of shares to satisfy this liability.
News 
Market Data 
Discover 
