Formula One's governing body has imposed a $536,000 fine on the collapsed USF1 team for failing to take part in this year's world championship.
The FIA said in a statement at the European Grand Prix the fine is equal to the entry fees for the season already paid by the North Carolina-based team.
The FIA's World Motor Sport Council also decided to disqualify USF1, depriving the team of the right to take part in any competition, and order them to pay the costs of the disciplinary procedure.
USF1 had been due to enter as one of four all-new teams this year but admitted failure in February, a month before the season's start in Bahrain.
They initially asked the FIA to be allowed to delay their entry by four races and then sought a year's suspension, which was refused.
