They have $1.19 mil plus whatever has come in since (less expences)
If they do what the Quarterly states for this Quarter then they need more $ then they have.
Which quarterly are you reading?
The December 2011 quarterly report said they had $1.19m in cash plus $4.4m in investments and their projected spending for the March 2012 quarter totalled $1.1m but does not included projected production revenue, which if it matched the December quarter it would be about $0.5m leaving them with about $0.6m in cash plus $4.4m or thereabouts in investments.
when is it ?, page-2
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