Burn rate?So, even if they can instantly reduce their costs by $1.7M per year and from what they stated in the recent financials, the $5M they just paid heavily for, they are going to be out of money again quite quickly. More dilution on the way and the stock is at an all time low. God, this is painful to watch!
Cash and short-term investments totaled $2,518,339 at June 30, 2024, compared to $1,542,203 at December 31, 2023. The quarter end cash balance reflects additional capital from the $5,000,000 unsecured debenture arrangement completed in June