Definitions of accumulated deficit
the amount of net loss a business has for a particular year in which the business shows a negative amount in its retained earnings (=profit)
The company reports an accumulated deficit of $123.8 million as of June this year.
Phrase Bank for accumulated deficit
According to the Company, ”these errors have resulted in an overstatement of deferred revenue and accumulated deficit by approximately $67 million as of the adoption date.”
As of June 30, 2018, the Company’s current liabilities exceeded the current assets by approximately $8.0 million, its accumulated deficit was approximately $44.3 million, and the Company has incurred losses since inception,” Moxian said in its filing in August.
It has an accumulated deficit of $139.6 million, according to its SEC filing, and cash, equivalents and short-term securities totaling $92.5 million.
The Company has incurred losses since inception and has accumulated deficit of $324.8 million at December 31, 2017.
The adjustment to the opening balance sheet of the accumulated deficit for all revenue related items was a decrease of approximately $2.7m.
NGM has cash, equivalents and short-term securities totaling $218.8 million at the end of last year and an accumulated deficit of $146.7 million.