Who said the money was all used up? Last I heard they had a lot of it in the bank ($25M or so) and since they sold off assets to Apple it's likely they were able to return a pretty decent chunk (in the neighborhood of 70%).

http://www.fastcompany.com/3002341/color-failed-what-happens...

I would also love to know this. Where did the money go? In an era where infrastructure cost is cheap, the big expense should be labor. But seriously, $41m?