Financial Out - TNG need cash
Same old story, TNG losing money and "out of cash" again
Cash
The Company closed the year in a cash position of $0.3 million, a $4.1 million decrease in cash over prior year-end. The decrease in cash primarily the result of a net cash loss from operations of $2.5 million and debt principal repayments totalling $1.4 million. The Company will continue to closely monitor its cash position and take necessary steps to ensure sufficient liquidity for the Company as more fully described in section 16 - Capital Resources & Management.