Careful not to confuse cash position with net cash position when determining the rate of spending. Note that they have current liabilities of $437k and of that $139k is trade or other payables, ie bills still sitting in the cash column. Once these bills are paid they have approx $440k.
Of the $440k they also have outstanding employee entitlements of $300k. By my calcs that had only $140k in net spendable cash and that was 2 weeks ago on Feb 28.
Burn rate appears to be about $200k per month, ie about 21 days. That would make for an interesting quarterly when forced to finally answer the age old question "how many more quarters of cash to you have".
All this is exclusive of any CR money raised so as long as the undertaker doesn't pull out they have an extra 3 months approx. Assuming they ever see that money, will 3 more months be enough?
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