Current Financials Out Top Line $375,000 in cash as of March 31,2024
1.2 million as of December 31, 2023
Current liabilities $1.49 million
So with a cash burn of approximately $800,000 every three months, and with existing current liabilities, the cash crunch is now.
With the extension in the funding, I would expect an announcement very very soon, and hopefully they will get this deal closed.
Oh and the revenue for the first three months was zero.
The pain continues