Months after a notice of default was issued by its financial backer, MobileSmith’s Chapter 11 bankruptcy process is inching along, as the company is selling off assets, desk by desk, even as it works to keep its interim CEO on the payroll. Raleigh-based MobileSmith, which had $1.1 million in assets but debts exceeding $6 million, filed for bankruptcy in October, shortly after Comerica Bank (NYSE: CMA) issued a notice of default on a loan with more than $5 million outstanding. While the shell company and its IP is not up for auction, dozens of bidders were picking through its physical property via an online auction this week.