Anderson runs Sylios from a small office at the Tampa Bay Innovation Center in downtown St. Petersburg. The company has minimal revenue and has incurred losses totaling $20.5 millionfrom when it was formed in March 2008 through December 2018 — factors that raise doubt about its ability to continue as a going concern, the company said in its April 11 filing with the SEC.
This company lost on average $2,000,000 per year in operations under Anderson. LOL