correct me if I am wrong on calculation on R&D exp.
received $1.6m product manufacturing cost -$882k net r&d $718k add$211k limepay having cash
total ip $934k
cash at end of q $7174k and last q$6517k difference $700k minus $934 ip i.e., r&d so cash burn is -275k.
agreed r&d cost is one of cost but that cost eventually increases revenue and that's what we are seeing from this q the revenue increase to $3.5m which is good result.
any cost in r&d is future revenue thats how the products are developed and delivered for fit to purpose. IMO every IT company they have to churn money in development as constantly changing technology, competitors and clients requirements etc..
so I don't think so cash would be concern going forward.
there are some notes on further cost reduction, product enhancement and revenue generation that will be seen in any new announcements or next 4c
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