QuoteHowever, the financing appears to have been written off,...

Quote

However, the financing appears to have been written off, with the company's most recent annual report listing a $41 million charge classified as "impairment of loans".

Impaired Asset Mean


"impairment of loans" is another way of saying it's a bad debt, writing off a receivable. These loans are SH monies procured for the advancement of the enterprise VCR.

Conveniently, call it creative accounting more like slight of hand the subsidiaries have been relieved of their obligation by a mere book entry.