So agree with Paul100 re breakeven around $1.6m (pre any cost...

So agree with Paul100 re breakeven around $1.6m (pre any cost management underway). @40% Implies break even cost base of $640k.

April Rev was $1.25m @ 41% so $510k to cover costs. Add to this the PP of $675k and we're at $1.18m for April net cash. (prior to any nasties?)

May Rev looks more like $1.6m+ based on accelerating ad spend generally.

Missing anything?.

On this basis we should be clear for next 2-3 mths to seek out opportunities to grow in an improving market. If legitimately qualify for the next round of PP also then this just sets a good cushion to enable movement into more stable financing. Characterise it how you will it would be very positive.

My only ask is keep a cash cushion - don't spend all cash available on pre-purchases so that when the next nasty comes along there's something in the bank.