The fighting futures of Kimbo Slice and Gina Carano are in limbo now as word emerged today that mixed-martial-arts organization Elite XC will file bankruptcy and cease future operations, according to an executive consultant of its Los Angeles-based parent company, Pro Elite Inc.

Less than two years after being introduced at a Los Angeles news conference, Elite XC has been knocked out by financial losses estimated at $55 million and by an embarrassing final show on CBS in which star Kimbo Slice was knocked out in 14 seconds.