Again, that tiny amount of revenue is a drop in the bucket compared to the ongoing losses..... deficit, default debt..... yeah a real winner here. But hey, every company has financials like this eh??
An accumulated deficit occurs when a company has incurred more losses than profits since inception.
On the balance sheet, a company’s retained earnings line item — the cumulative earnings carried over and not distributed to shareholders as dividends — serves virtually the same purpose as the accumulated deficit.
Hence, the term “accumulated deficit” can be used interchangeably with “retained loss.”
But for purposes of financial reporting, companies with a negative retained earnings balance will often opt to report it as an accumulated deficit.
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