Before any of the Pimax White Knights chime in here (I'm looking at you @Heliosurge) I want to make perfectly clear that I really do feel for these guys.
They shot for the moon, they got amazing funding, great press and really were put on a pedestal they couldn't hope to stay on without delivering what they had promised within the ridiculous timeframe that they had set themselves.
So now you have issues in R&D which is normal and part of the process, but you also commited serious capital to appear on the global stage at CES and a community that given their sizable investment is scrutinizing every bit of information to get their hands on. That is a very difficult position to be in and one that the majority of small companies do not recover from.
Add to that what I consider to be deep-rooted cultural differences between mostly Western backers and a Chinese company and this is the result we see:
Non-functional hardware that is being reported on by the global VR press.
I do very much hope I'm wrong, but this could definitely be the end of the road for Pimax in the high-end VR segment.