The incurrence of debt financing would result in
debt service obligations and the instruments governing such debt could provide for operating and financing covenants that would restrict our operations.
Our estimates do not include any finance charges, interest or
debt service obligations.
«In spite of these challenges, we met both
our debt service obligations and personnel costs.
Although profitability is not absolutely essential to maintain liquidity in the short term, profitability of operations is crucial to enable an organization to meet
its debt servicing obligations in the long run.