After years of telling his followers that the Sandy Hook Elementary School shooting was a hoax.
On the stand, Jones admitted that the massacre occurred.
He is being sued in Austin by the parents of one of the victims of the shooting.
They're looking for at least $150 million compensation.
Jones told the jury that any monetary compensation in excess of $2 million would sink us.
Jones is the only person testifying in his own defense.
His attorney asked if he now realises it was "absolutely irresponsible" to spread false claims that the massacre did not occur and that no one died.
Jones has already attempted to financially protect Free Speech Systems.
Last week, the company sought federal bankruptcy protection.
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