How can they exclude training costs?? How is that not fraud? At the exact same time they're literally saying they will never stop training unless the state bans all their competitors

When we're looking at whether the company is "insolvent" then they definitely could stop training and it's worth checking if they would survive in that situation, at least for a while.

They aren’t a public company. GAAP does not apply. They can say whatever the fuck they want.