Bankruptcy risk in the 10-Q? What did the co. mean by "significant subsidiaries.

"There is no material bankruptcy, receivership, or similar proceeding with respect to the Company or any of its significant subsidiaries. However, given the Company’s insolvency, there is a high risk that the Company may be forced to file for bankruptcy if the Company is unable to meet its capital requirements in 2021."

https://sec.report/Document/0001493152-21-020969/