$1.49M+$550K = $2,040,000 at end of quarter.
Interesting the research & development is still $453K next quarter - I hope a good chunk of this is still on the 1st commercial offering and improving the app. $13K -> $217K is significant. $70K a month on focused SEO, ASO and revenue lines will help - This is conservative but a good number with cash balance...
Can't complain about that. The next quarter we will see revenue as well so having $1.3M in the bank at the end of that will certainly help followed by the next quarter with another revenue stream and already having telethon as a major player....
If you believe this can gain some serious traction there is certainly a good chunk of upside here.
Ann: Quarterly Activities Report and Appendix 4C - March 2017, page-4
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