Horrible balance sheet Im not at all surprised at the share price performance.
It's a cash burning company with increasing debt and the only way for its survival is if they raise capital. What happened to the tech startups at Silicon Valley again? They were unprofitable companies which caused a classic bank run on deposits.
I would stay far far away from this company until they get their act together and pay down some debt. The only problem is they have no cash to pay it down with.