Plenty of rumors have been circulating about Stella Glow developer Imageepoch. The companyÔÇÖs status has finally been made clear, and unfortunately, the news isnÔÇÖt very good.

Imageepoch as well as affiliate Smile Online Game have both declared bankruptcy. The two sides have debts of 1.1 billion yen (roughly $11 million) and 3 million yen ($30,000) respectively. ImageepochÔÇÖs debt is owed to 43 creditors while Smile Online GameÔÇÖs debt is owed to 5 creditors.

Back in 2011, Imageepoch made 1.751 billion yen (roughly 17.5 million) in annual income. That number dropped to 410 million yen (roughly 4.1 million) by 2013, and the company fell into debt due to game development costs and being unable to hit sales targets. Due to the worsening situation, Imageepoch ceased operations in November 2014.

Stella Glow is the latest title from Imageepoch, which is now being published by SEGA in Japan early next month. At the end of March, Atlus announced that the RPG would be coming to North America later this year.

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Tanto ella como su filial, Smile Online Games. Su ultimo juego anunciado, Stella Glow (3DS), sera publicado por SEGA el mes que viene en Japon y ya se ha anunciado que Atlus se encargara de su distribucion en Norteamerica a finales de 2015

Esta es la casa de la que su CEO desapareció el mes pasado, borrando su cuenta de twitter y demases. El pollo vería la que estaba cayendo a nivel de cuentas y se tomó las de villadiego.