More bad news for cardiac implant maker NMT Medical Inc., as it filed last week federal documents stating it does not have enough money on hand to file its annual report for 2010.
In the document filed with the U.S. Securities and Exchange Commissions, Boston-based NMT Medical said it hasn’t been able to raise the funds it needs to operate in any way beyond its “streamlined operations.” That includes not being able to afford to have the auditors complete the audit of the 2010 books. In the company’s words: “Although the Company’s outside auditors commenced its audit with respect to the year ended December 31, 2010, the completion of the audit was postponed by us. The Company does not anticipate its outside auditors to complete the audit for the year ended December 31, 2010 unless deemed prudent by the Company to do so in light of the Company’s strategic options.”