What you need to know: They had over $6mil in the bank and are...

What you need to know:
They had over $6mil in the bank and are spending $1.5m ($750k right now and the rest in shares/cash at a later non-immediate date, pending the achievement of certain milestones) on JCT.
At the completion of XPEOB conversions, they will have amassed another $1.5m+
So that in itself leaves still $4m+ if you want to be super conservative about it.

Chip production will cost XPE $0. Why? XPE does not produce their chips, they claim royalties off the chip makers who are using their patented technology. Chip production is a revenue stream for XPE not a cost. JCT is another revenue stream. If XPE gets a contract for the Intel IoT Gateway Platform, then that's another revenue stream. The patents themselves can be a revenue stream too. And lets not forget the two MOUs with a US Tech Giant and a Top 10 NASDAQ company we are still waiting on. Did I even mention the Telink Agreement that has already been signed?

XPE utilises minimal cash burn and will not require a CR in the near future. If all goes to plan as management has laid out before us, they will most likely never require another CR.