GulfSlope Energy Shows Signs of Audit Concern

Register, or to view the article

In a Form 10-K for the period ended September 30, 2018, filed on December 31, 2018, GulfSlope Energy, Inc.’s auditor, BDO USA, LLP, raised substantial doubt about the Company’s ability to continue as a going concern. According to BDO USA, the Company has a net capital deficiency and further losses are anticipated in developing the Company’s business. The Company has incurred net losses through September 30, 2018 of $41.9 million, has a lack of cash on-hand not from joint interest owners and a working capital deficit. 

Read more Bankruptcy News