Post by
CanadianKia on Nov 14, 2022 9:36pm
what a train wreck!
As of September 30, 2022, the Company had cash and cash equivalents of $707,986, a reduction of $21,267,667 from $21,975,653 as of December 31, 2021. This decrease is primarily related to the Company's greater than expected cash burn during the quarter and takes into account the net proceeds from the Company's private placement closed on June 2, 2022. As of the date of this MD&A, the Company has cash balance of approximately $773,000 to settle current accounts payable and accrued liabilities of approximately $3,300,000.