As of the first week in March, California-based iMind—an educational software company with more than 70 employees—had thrown in the towel.

No formal company statement that iMind was closing its doors was issued, and no board members or company executives were available for comment. The iMind web site, still up and running, makes no mention of the company’s last days.

According to CNN.com, however, the company had just one employee left on March 3, Richard McWilliams, a senior developer. McWilliams explained that company paychecks stopped coming at the end of January.

“They came in and told us when the paychecks were due that they couldn’t make payroll, and they were trying to pull all sorts of deals together to do that,” he told CNN.com.

The company did not hand out any pink slips and it has not offered any severance, CNN reported.

iMind board member Dominique Hanssens told CNN that the company is still trying to straighten out its financial situation. But Hanssens told eSchool News March 7 that he was no longer a board member as of that week and declined further comment, citing iMind’s pending bankruptcy.

In the meantime, some employees have decided to sue the company for back wages, according to CNN.

As late as the Florida Education Technology Conference (FETC) in January, iMind was promoting the launch of its web-enabled technology, iMind Integrator and iMind TutorPro.