Accumulated losses over the history of the company total $146.6...

Accumulated losses over the history of the company total $146.6 million of cash burnt through (although much of this is legacy from previous incarnations of the company), with net equity of $3.6 million remaining.

From the segment note, it looks like most of their revenues were generated in Germany of which a substantial chunk will disappear when they complete the Condat sale.

Lots of brand name customers but hard to see how they generate revenue and how the business model is going to turn them into anything approaching cash flow break even.