"Currently" is a big word. They were default when the report came out which was before the 1 million in financing was procured. I doubt very seriously they remain in default on that. If there is a link to proof that shows as of March 14, 2012 they are in default I would love to see it. Also, no one "certainly" knows they don't have the money to pay off the other debts, just like it is unknown if they were able to negotiate new arrangements.