It's been a long day and I'm tired so I'll have a better look tomorrow.
I honestly don't understand why you think they'll need to ramp up TTV to $30m per quarter.
The company performed the adjustment for us which shows when payments to merchants are repaid, the company would have cash flow adjusted $1.2m for the quarter. You're saying the company is losing $12m per year made up of $1m per month in cash burn. How are you coming to that number?
Excluding payments to merchants, the quarterly operating costs are $5,098,000 or $20,392,000 annually. Take cash receipts from this quarter $6,087,000 or $24,384,000 annually. Both annual figures are factoring in no growth for example hiring more staff or growing BNPL or mobile banking transactions. Subtracting costs from cash receipts leaves $3,956,000.
This is a rather crude calculation while tired but I'm really not seeing what you mean.
It's been a long day and I'm tired so I'll have a better look...
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