No Revenue ReportedAbsence of operating revenue is a fundamental constraint: it prevents internal cash generation and forces reliance on external capital or asset monetization. Over months this structural deficit elevates dilution and execution risk and limits ability to self-fund growth or operations.
Negative Shareholders' Equity (2024)Negative equity signals cumulative losses have exceeded capital and reduces financial flexibility. It can impede borrowing, partnering, and counterparty confidence. Structurally this creates higher refinancing and covenant risk across the medium term.
Persistent Negative Operating And Free Cash FlowMulti-year cash burn without offsetting operational inflows means ongoing dependence on financing or asset sales. This durable cash-flow gap increases dilution risk, constrains investment in projects, and raises the probability of funding shortfalls over the next several months.