9. Tic Tac Homes has had the following balance sheet statements during the past 4 years (in thousands):

Cash $ 214 $ 93 $ 42 5 38 Receivables 1,213 1,569 1,846 2,562 Inventories 2,102 2,893 3,678 4,261 Net fixed asset 2,219 2346 2,388 2,692 Total assets $5,748 $6,901 $7,954 $9,553 = = =-

Accounts payable $1,131 $1,578 $1,848 $2,968 Notes payable 500 650 750 750 Accruals 656 861 1,289 1,743 Long-term debt 500 800 800 800 Common stock 200 200 200 200 Retained earnings -2,761 -2,812 -3,067 -3,092 Total liabilities and shareholders' equity $5,748 $6,901 $7,954 $9,553

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Using index analysis, what are the major problems in the company's financial condition?