Arcadia Resources Inc. (AMEX: KAD) reported it received a letter July 15 from the NYSE Amex stock exchange stating the company no longer meets listing requirements related to stockholders’ equity and losses from continuing operations. The company must submit a plan by Aug. 14 that will detail how it can fix the situation by Jan. 15, 2013. Otherwise, the firm could be subject to delisting.

The letter marks another concern raised by the stock exchange. Arcadia received a separate notice in April that it was not meeting listing requirements because its stock was trading at less than 20 cents per share. The company has until Oct. 4 to conduct a reverse stock split to regain compliance.

Arcadia reported that it is evaluating it options.

Arcadia is an Indianapolis-based healthcare firm, and its business lines include healthcare staffing and homecare. It posted revenue of $4.0 million in its per diem and travel nurse staffing operations during the most recent quarter ended March 31. However, the company also announced it planned to sell its healthcare staffing and home care business.