• Former Blink 182 member Tom Delonge is the president and CEO of To The Stars Academy Of Arts And Sciences, a group dedicated to the study of aliens and UFOs.
• The company is reportedly at a $US37.4 million deficit.
• It’s unclear if the company will be able to continue, according to the report.
• Last month, DeLonge was attempting to crowdsource funds on social media.

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Former Blink 182 member Tom Delonge is the president and CEO of To The Stars Academy Of Arts And Sciences, a group dedicated to the study of aliens and UFOs. According to its website, the organisation “strives to be a powerful vehicle for change by creating a consortium among science, aerospace, and entertainment.”

But a new report from Ars Technica shows that the company apparently has a $US37.4 million deficit, as reported in NME.

“The Company has incurred losses from operations and has an accumulated deficit at June 30, 2018, of $US37,432,000,” the report said. “These factors raise doubt about the Company’s ability to continue as a going concern.”

According to a filing from the US Securities and Exchange Commission, the group has raised $US1 million in outside funding. DeLonge’s group plans to make up the rest of the difference by selling stocks, per the report.

In September, DeLonge attempted to crowdsource funds for The Academy on social media.

In the past, DeLonge been recognised for his contribution to the community. Last year, he was named UFO Researcher Of The Year by UFO website and YouTube channel Open Minds TV.

“My job has only just begun on this subject matter and there’s some big s— planned and I’m excited about it,” he said in his acceptance speech. “Just remember whatever happens in the civilian world, it’s game on.”

The eight-minute tribute to DeLonge touches on his work in the field at the time.

In late 2017, both the New York Times and Politico independently published stories confirming that the US government had quietly funded a program to study UFOs for years.

Although the program officially shut down in 2012, Luis Elizondo, a military intelligence official who ran the research effort, allegedly continued its efforts afterward. Now, he helps run Stars Academy of Arts and Science.

“These aircraft … are displaying characteristics that are not currently within the US inventory, nor in any foreign inventory that we’re aware of,” Elizondo said of UFOs at the time. “My personal belief is that there’s very compelling evidence that we may not be alone. Whatever that means.”

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