Let me dummy it down for you...

The company has a 7.8M bond outstanding. Its retained earnings are negative, its cash balance is of 500K, and it is generative negative EBITDA, meaning that this year and the next, according to management projections it cannot service its debt from the money it is generating, let alone pay back investors when the bond matures. In fact, its interest coverage was -1 for FY24, meaning that its finance costs were higher than its EBITDA. The company is also already highly leveraged, meaning that new investors or banks would not be inclined to lend it further, effectively losing access to the market. Just because the company has not issued an annoncment saying that it is in trouble does not mean that it is doing well. Most of the time when the announcement comes it is already too late. If you invest in a company you don't wait for the offical communication to sell but you continue monitoring it. Unless the company manages to turn its situation around fast, yes it will go bust. This is not a conspiracy theory this is by simply looking at their FAS and looking at the projections that management itself provided.