The debt is due in 2026. As long as they have $1.5 million bank balance no issues until then? They may get another loan to pay off this one as well before it matures.
They had $6.9 million cash at the end of June. Based on how much cash they burnt in the June quarter, they probably had around $4.5 million at the end of September. Plus the cash flow from Odin will either reduce significantly or stop the cash burn.
Ann: Operations update, page-7
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