Employment And ManagementThe company recently terminated most of its employees, including three senior managers, leaving them with only four employees.
Financial PositionBy the end of the third quarter, the company reported cash and cash equivalents of $13.5 million, which is insufficient to support the company's operation for a year.
Stock Market ListingThe company announced receiving a de-listing notice from Nasdaq, and its common stocks are now trading on the pink open market.