A decreased or deficit net worth can be attributed to a trend of unprofitability
, and deduction of intangibles due to goodwill, patents, franchises, copyrights and cost in excess of market value.
Scripps never alluded to the News' unprofitability
until the recent announcement, but the classic signs of a paper in trouble were there to see.
Uganda Airlines, founded by former dictator Idi Amin in 1976, was liquidated in 2001 after years of unprofitability
during a push to privatize state firms.
However, the operation's unprofitability
and subsequent pulling out of investors coerced government into closing the copper and nickel mine, he said explaining that BCL was only profitable the first five years of operation.
Its shares closed nearly 8% down last week thanks to investor skepticism over the company's unprofitability
and general lack of risk appetite amid escalating US-China trade tensions.
But there are cost and scalability issues that further complicate the business model and doom it to unprofitability
When a Limited Liability Company (LLC) flunks due to unprofitability
, filing a voluntary business bankruptcy petition in the United States Bankruptcy Court is essential.