The wasp Network, a subsidiary of Herring Networks, Inc., a provider of mobile and wireless broadband services, is now in debt, according to a regulatory filing on Tuesday.
The filing said Herring is owed $15.3 million from a sale of its assets in October that was approved by the federal government.
The debt was repaid on Oct. 25, 2017, and Herring was granted a $2.5 million line of credit in the amount of $2 million on Oct 17, 2018.
The company has also been hit with a $4 million loan to finance the purchase of another mobile and Wireless broadband network, according the filing.
The Herring network is an affiliate of A&E Networks, which operates networks including the Lifetime Movie Channel and Disney Junior and the Lifetime Kids Channel.
Herring also has a TV production company called Herring Media.