They had $772K in the bank at the end of March with projected outgoings for the next quarter of $1194K so with the proceeds of the raise of around $1800K and negligible income they should have had 772 + 1800 - 1194 = $1.378M in the bank at the end of June. If the burn rate remains constant that means without significant income it will be lights out about 9 weeks from today.
