You have mucked up with using cogs. Your calculation of COGS doesnt' have the meaning you think it has. Forget about adding COGS to fixed costs. COGS are sorted by the fact that for sales they make a certain GP on the sales.
Just work with the expenses eg fixed expenses plus variable expenses.
Throw in scrip only if you are sure its for paying down debt occured during the quarter otherwise you keep using paying down of historical debt in your calculations.
If you do that then your numbers will come closer to the around 700K or so expenses per month.
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