Raised circa $5 mill to grow the business and then shrunk it by...

Raised circa $5 mill to grow the business and then shrunk it by 70+% in18 months. So where did the money go? Its not even a business atm. There have been no "correct " accounts proffered to the shareholders since the 2021/22 Fin year and the 23/24 year is 6 weeks from finishing. However the directors are still getting paid so i suppose that a very important consideration that should bring great comfort to the shareholders knowing that th guys are hanging in there protecting their significantly diminished intrests in the face of adversity!!