Ann: Quarterly Activities and Cashflow Report, page-2

I'm not an accountant so I could be wrong.

What I see is
Decrease in cash held in the current quarter: $1,190,000
Assuming a quarter is 91 days.
Average decrease in cash per day (1,190,000/91): $13,076
Cash in hand at the end of the quarter: $73,000
If the cash continues to decrease at the same average rate as it did in the current quarter, how long will the cash in hand last? (73,000/13,076): About 5.6 days.
That's less than a week.

The million dollar questions for me are:

• Will the cash usage decrease substantially relative to the current quarter?
• Is there another source of funds?
• How much time has CTO realistically got to negotiate with an alternative to KIG?
• What happens if and when funds run out?

My thoughts and ramblings only from a non-accountant.