RE:RE:Alumni what does that amount toYou need to look at that in context. They were completing the prototype at the UofRochester and were spending product development costs ($148K) that won't be repeated (other than costs to miniaturize the prototype by Optel later this year). Consulting fees were also heavily influenced by the product development costs ($89K).
Lastly Management fees ($94K) were back end loaded as they paid a total of $116K for the whole year (per Note 8 to the F/S).
If you adjust for the above they spend somewhere in the mid $150K per quarter on a run rate basis.
~S
radar17 wrote:
Kool - you asked about the burn rate. All you have to do is go check out their Financial Statements.
For just the 3 months ended Dec 2016 they burned through $431,628 !! That comes to almost $150K per month. I'll let you decide if that is good news or bad news.