RE:RE:my thoughts and questions2b7f6fab wrote:
Condensing the corn cob down to a kernel. The loss for six months was approx $2.6 million less .5 million for non cash expenses give a six month burn of $2.1 million. So about $350,000 per month.
Quote from the press release- The net loss for the six-month period ended June 30th, 2023, was $2,564,187, which included $474,558 of net non-cash expenses (i.e.: amortization, stock-based compensation expense and foreign exchange gain/loss).
Also note the net loss for the three months ended June 30 was $1,155,234. Considerably less than the loss for the three months ended March 31 of approx $1.4 million.
There are 10,280,000 stock options fully vested with a price of 26 cents with a remaining life of about a year. And 4.1 million stock warrants with a price of 50 cents good till early January. A nice pop in the stock price and cash will be flowing. So cheer up!
There is also about 15 Million warrants from recent PP's at 0.35 cents. About $5 Million.