Early operations losses are normal and not a cause for immediate concern, the CFO quitting after a yelling match with the CEO is though.

If this went anything like the yelling matches I hear in local companies between CFOs or even CPAs vs the CEOs, it likely boils down to the CEO being ingorant of the finer details of financial law and reporting practices and insisting that the CFO or CPA do something that's either against best practice, or flat out inappropriate or borderline illegal.

The CFO I know personally gets yelled at consistently for doing things that are the reason outside financers still work with the company. They're also the sole reason the IRS isn't levying hell against the buisness and the owners wife grovels to them to assure that at least she knows how important the work is.

The takeawy is CEOs are pretty dumb and hate being told no, and I'd honestly be surprised if the reality of the situation is much different from the one I described.