RE:Quarterly burn rateGrinder57 wrote: The verbiage is a little confusing on the funding required to run the company on a quarterly basis.
They State “Non IFRS expenses were $2.8 million, while IFRS operating expenses are $3.2 million.
Is it the 2 figures combined for the quarter or just one of the figures?
$3 million or $6 million required?
Thanks
It's only one of THEM. The IFRS is similar to GAAP in the U.S. it's the Standard Accounting Principles.
The non IFRS allows fire more flexibility in how earnings /losses are reported. So to be safe, go with the IFRS figure. But, it's only the 3.2...not both.