Canada-based Bulldog Technologies, which combined cellular and satellite technologies in a unique cargo-tracking system, was reportedly forced to shut its doors last weekend.

As first reported Sept. 29 in sister publication TelecomWeb news break, the company missed its deadline for a September loan payment and did not have the cash to pay back a $750,000 emergency-survival, 90-day loan taken out in June to remain in operation. Repayment was due Sept. 30.

According to a company statement, its staff of 28 was laid off Sept. 15, and CTO Robin Wald resigned as a director.