The electric vehicle pickup truck maker issued a "going concern" warning, disclosing it didn't have the funds to start commercial production.
With cruise sailings suspended, the company says it may not have sufficient liquidity to meet its debt obligations over the next 12 months.
The opioid seller's auditor expressed "substantial doubt" about its ability to continue as a going concern.
The company says its liquidity challenges "raise substantial doubt about Kodak’s ability to continue as a going concern.”
The parent of iHeartRadio is in talks with lenders on a plan to relieve its $20 billion debt burden from a 2008 leveraged buyout.
The company's auditor refuses to certify its Q3 results in “a highly unusual signal of doubt about [its] ability to recover its financial health."
The retailer warns its history of losses indicates "substantial doubt exists related to the company's ability to continue as a going concern.”
American Apparel doesn't have enough cash on hand to make its next debt payment, $13.9 million due on Oct. 15.
The board proposes to make management responsible for assessing whether a company can continue as a going concern. But how necessary is that? And can management be bias-free?
