$7.2m cash on hand Less $1.6m R and D $200k collected from Limepay B sheet
= $5.4m
6.5 - 5.4 = $1.1m cash-burn per Q (not including R&D)
**Once could argue the R and D added back drops costs and could be seen as $700k cash loss per Q
Speaking of this R and D payment:
I note the R and D expense is never noted in the 4C albeit there is a provision for it How do they claim and R and D expense when they don't spend money on R and D (not noted) in 4C?
SPX Price at posting:
1.1¢ Sentiment: Sell Disclosure: Not Held
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