Nelly Shishkova

Will Abtech Holdings, Inc. (OTC:ABHD) Stop Falling Down?

by Nelly Shishkova May 26, 2011

Abtech_logo.pngIn the meantime, the financial condition of Abtech hasn't improved at all as compared to the previous period. According to the latest 10-Q, as of March 31, 2011 the company's liabilities were much higher than its total assets, while the accumulated deficit was still over $24 million, not including the stockholders' deficiency and the other losses. Moreover, the company has not yet established an ongoing source of revenues sufficient to cover its operational costs.

Thus, in order to continue as a going concern, Abtech Holdings will need to obtain additional capital to fund its operating losses and service its debt, which at this point raises substantial doubt about the company's continuation.

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