This report looks much better than the previous Quarterly Activity Report. It notes that the average cash burn per month in 2015 is $350,000. And it also says that the fee based revenue is to be paid with 1 month after the service is delivered. Their account receivable on balance sheet is about $27K, no bad debt so far, which means the revenue in Dec is about $30K. To break even, their market share need to be about 25%. With current grow rate, it may be achieved within 3 years, before their cash burnt out.
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This report looks much better than the previous Quarterly...
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