SiliconBeat

Focus Enhancement’s board of directors did a mass exodus Monday after they voted to approve filing for bankruptcy. Six of the board’s seven directors resigned leaving the company’s chief executive, Brett Moyer, as the sole board member, according to a filing the company  made with the SEC Wednesday.

That would mean that Carl Berg, the Silicon Valley venture investor and commercial real estate mogul who personally guaranteed a $6.5 million line of credit for the Campbell maker of digital video tools, left as well.

Focus, which filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California Tuesday,had its shares de-listed today from the Nasdaq stock market.

The company reported to the court that it had $9.69 million in assets and $37.4 million in debt, according to a Bloomberg News story.

The news wasn’t a shock by any means. For five years running Focus’s auditor has expressed doubt about the company’s ability to continue as a “going concern”.