Consistent LossesThe lack of revenue and ongoing losses highlight significant operational challenges, raising concerns about the company's ability to achieve profitability and sustain long-term operations without external financing.
Reliance On External FinancingDependence on external financing poses sustainability risks, as it may limit operational flexibility and increase vulnerability to market fluctuations, impacting long-term financial stability.
Negative Cash FlowNegative cash flows indicate inefficiencies in converting sales to cash, which could hinder the company's ability to fund operations and growth initiatives, affecting its long-term financial health.