Posted On: 08/19/2015 4:42:33 PM
Post# of 72448
From last 10q
http://www.sec.gov/Archives/edgar/data/135525...ix_10q.htm
Assets were 11,427,000 (10.8M cash + prepaid expenses) and had operating expenses of 2,845,000 per quarter.
That leaves 4.0165 quarters remaining at that burn rate.
That's an extra-simple calculation, there is always more too it, but the message is - no worries for many months.
A better update, audited is arriving within weeks, the 10k annual report.
http://www.sec.gov/Archives/edgar/data/135525...ix_10q.htm
Assets were 11,427,000 (10.8M cash + prepaid expenses) and had operating expenses of 2,845,000 per quarter.
That leaves 4.0165 quarters remaining at that burn rate.
That's an extra-simple calculation, there is always more too it, but the message is - no worries for many months.
A better update, audited is arriving within weeks, the 10k annual report.
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