A local cupcake shop could be throwing in the towel a little too early.

Icing On The Cupcake has been working on filing for bankruptcy for almost a month, and now it says it will be closing the doors on its four locations.

On the company's Facebook site, a statement says that the closure is because of economic harship, and that the owners have enjoyed every second of the seven years the cupcakery has been in business.

This all comes as news to the lawyer representing Icing On The Cupcake in bankruptcy filings.

Matthew Eason tells the Sacramento Business Journal that there is still more to be done, and that the business is by far not down for the count. He says, "We haven't given up yet."

Icing On The Cupcake employs about 70 people and bakes an estimated 150,000 cakes each month.