Negative EquityNegative equity indicates a highly leveraged position, with liabilities exceeding assets, posing a risk to financial stability and long-term viability.
No Revenue GenerationLack of revenue generation over two years highlights significant challenges in business operations and market demand, affecting long-term growth prospects.
Consistent Net LossesOngoing net losses reflect operational inefficiencies and financial distress, challenging the company's ability to achieve profitability and sustain operations.