My numbers factor in the CR funds complete on hand. They current don't factor in the full amount available.
The CR funds / BARDA reimbursement is a constant.
The $5.7M I had originally was cash on hand pre investor CR funds at the time. But given BARDA are reimbursing that amount, ive left it in. So total cash on hand in Q1 was $9.9Million.
Based on the cash burn each quarter and assumed revenue coming in, the cash runs out in Q2.
It was a projection of figures and an assumed increase on PCP next quarter for revenue (was $700K for products last corresponding) and flat services income given no change to contracts etc.
Here is the full spreadsheet based on IPO to now.
(20min delay)