According to The Deal, Quirky has filed for bankruptcy protection with plans to sell its mobile app subsidiary for $15 million.

The Deal said Quirky intends to sell its assets during the case. Its Wink unit already has a $15 million all-cash offer from unsecured creditor Flextronics International USA.

According to The Deal, Quirky owes Comerica Bank $19.93 million on a revolving line of credit due October 2017, and $9.33 million on a term loan due October 22, 2017.