Float & OS1.15 M / 1.15 M
Cash/Shr$0.84
Market Cap & EV—
Short Interest—
Cash$957,112
Est. Cash Today$-13.73 M
Off AbilityHigh
Off FreqLow
DilutionLow
Cash NeedHigh
Overall Offering RiskHigh
Warrant Exercise RiskLow
Nasdaq ComplianceLow
Shares Outstanding History
Cash Position
Cash Position
The company has -28.0 months of cash left based on the quarterly cash burn of $-1.47 M and estimated current cash of $-13.73 M.
Commentary on Financial Condition
“accompanying unaudited condensed consolidated financial statements of the Company have been prepared assuming the Company will continue as a going concern. The going concern basis of presentation assumes that the Company will continue in operation one year after the date” (from May 2024 filing’s Liquidity and Capital Resources) Filed At: 2024-05-22
Recent Filings
| 15-12G | Form 15-12G | 2024-07-09 |
| EFFECT | Form EFFECT | 2024-06-21 |
| EFFECT | Form EFFECT | 2024-06-21 |
| EFFECT | Form EFFECT | 2024-06-21 |
| 8-K | Form 8-K | 2024-06-20 |
| S-8 POS | Form S-8 POS | 2024-06-14 |
| POS AM | Form POS AM | 2024-06-14 |
| POS AM | Form POS AM | 2024-06-14 |
Insights
Warrants covering 30,000,000 shares at $0.25 expire on September 18, 2027.
· 2027-09-18
A 1-for-400 reverse stock split took effect on December 22, 2023.
· 2023-12-22
A $35,000,000 convertible note converts at $17.50 per share, which at that price is 2,000,000 shares.
424B5 · 2023-09-15
An at-the-market programme of up to $4,300,000 is in place with Maxim Group LLC.
424B5 · 2023-09-15
A 1-for-100 reverse stock split took effect on February 21, 2023.
· 2023-02-21