Former Blink-182 singer/guitarist Tom DeLonge’s To the Stars Academy of Arts & Sciences — which DeLonge founded last year to study the paranormal, strange technology and the possibility of extraterrestrial life — currently has a $37 million deficit, according to a recent Securities and Exchange Commission (SEC) filing uncovered by Ars Technica. Despite To the Stars’ open invitation for Americans to purchase stocks in the company, To The Stars has only raised around $1 million. But the company is carrying a $37 million deficit, largely due to an employee stock incentive plan during its first year of operation. The SEC filing notes that these issues “raise doubt about the Company’s ability to continue.” The financial filing states that To the Stars intends to remain in business over the next 12 months by selling additional stock. DeLonge himself weighed in on Instagram about the financial situation, calling the initial report on it “highly misleading.”