Mick Wynhoff, former ceo, said that he expected profitability by 2007. He took over in 2004 and thought it would take three years. Outside of a couple of minimal profitable quarters, the company has been a slow drain. They are very shareholder conscious and have not raised the a/s of 50 million since he took over (though they're close to maxing out). Management holds a decent amount of shares and Mick himself purchased 400k at .08 a couple of years back.
They bought out National Cleaners in early 2009 and that hasn't worked as well as expected. If you're looking to invest here, you may be waiting awhile. Otoh, IF they are able to get a major contract or some foot in the door someplace, the stock could rise quickly. Overall debt for the 10+ years of existence is about 5 million.