Where We SitGoing back to the start of 2023.
Not knowing when contracts get paid out this is just a guide.
AI Contracts 2023
Feb 3 - 700,000
Feb 10 - 500,000
July 5 - 550,000
Aug 4 - 375,000
Nov 15 recieved the 375,000 payment which was contracted on Aug 4
In Dec they stated they recieved over 1,000,000 in payment.....= 750,000 outstanding for 2023
Cash at end of Dec 350,000 plus 1,240,000 from PP and NEWS sale....= 1,590,000
AI Contracts 2024
Jan 4 - 730,000
Jan 5 - 250,000
Feb 15 - 850,000
They have been burning around 800,000 of cash per quarter the last 6 quarters, very stable
Assuming they can lower that burn rate we'll have lets say 1,000,000 cash at the end of March
2023 AI contracts have a 750,000 outstanding balance and 2024 AI contracts are 1,830,000 thus far.
Outstanding AI contracts total = 2,580,000
Health generates about 1,000,000 a quarter
Cash approx 1,000,000 end of March
.
They cut expenses to 2 million in Q4, lets say Q1 is the same.
I see why they desperately needed that 1 million PP.
The lights will stay on until the end of Q2 (surviving a little better) by what I see if some of that 2.5 million outstanding AI money comes in.
Wild card is the 3 million in cash for the EV earn out payments....when it begins to start being paid.
The AI contracts to start 2024 are much better than 2023.....I state the obvious when I say we need that to continue though....with this picture it makes sense we moved out of the 1.5 and 2 cent range....the lights are a wee bit brighter for now....as always the market is bang on in it's call to add value to a stock price, as little as it may be.
This is all give or take