Still pretending day-to-day coding activity is somehow an "investment" activity, I see. Generally good progress but this part is extremely dodgy. They don't have "113 quarters left". Since they've now cleaned up their debt, the (182K) bit won't recur, but the burn rate of this company is much closer to 800K/quarter, not 31K/quarter.
It's still a good result, but this trickery will wind up spooking people later. It's quite possible that they'll need more money in 3-5 quarters and they should prepare investors for that.
JAY Price at posting:
11.0¢ Sentiment: Hold Disclosure: Not Held
