How about this data point (as of 9/30 financials):
HMBL assets $20,220,813
HMBL liabilities -$26,038,000
When your assets are less than your liabilities the company is effectively bankrupt or insolvent.
Conclusion
This is the bad situation which a company never wish to face, it can force management to close down the company. The company can file for bankruptcy, liquidate and go out of business. Liquidate mean they are selling the assets to settle the liability, it will not even cover liabilities. It means shareholders will get nothing from the company.
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