Float & OS67.55 M / 179.73 M
Cash/Shr$0.01
Market Cap & EV—
Short Interest—
Cash$969,000
Est. Cash Today$-14.87 M
Off AbilityHigh
Off FreqLow
DilutionLow
Cash NeedHigh
Overall Offering RiskHigh
Warrant Exercise RiskMedium
Nasdaq ComplianceLow
Shares Outstanding History
Cash Position
Cash Position
The company has -27.2 months of cash left based on the quarterly cash burn of $-1.64 M and estimated current cash of $-14.87 M.
Commentary on Financial Condition
“Position: We had a consolidated cash balance of approximately $969,000 and $924,000 as of April 30, 2024 and July 31, 2023, respectively. Net cash used in operating activities during the nine months ended April 30, 2024 was approximately $1,308,000,” (from June 2024 filing’s Liquidity and Capital Resources) Filed At: 2024-06-14
Recent Filings
| 15-12G | Form 15-12G | 2024-11-08 |
| NT 10-K | Form NT 10-K | 2024-10-29 |
| 8-K | Form 8-K | 2024-08-12 |
| 10-Q | Form 10-Q | 2024-06-14 |
| 10-Q | Form 10-Q | 2024-03-22 |
| NT 10-Q | Form NT 10-Q | 2024-03-18 |
| 8-K | Form 8-K | 2024-02-08 |
| 10-Q | Form 10-Q | 2023-12-23 |
Insights
A $330,000 convertible note converts at $0.10 per share, which at that price is 3,300,000 shares.
10-Q · 2024-06-14
A $145,297 convertible note converts at $0.30 per share, which at that price is 484,323 shares.
10-Q · 2021-06-09
Warrants issued on March 16, 2021 carry a price reset: their exercise price adjusts downward if the company later issues shares more cheaply.
· 2021-03-16
An at-the-market programme of up to $5,000,000 is in place.
10-Q · 2018-06-14