For the moment, please set aside the recent positive PR about PDSG
From the last quarterly statement
There was no licensing revenue from MMP
There was licensing revenue of $94,055 (from PDSG?)
Our cash and cash equivalents were $9,507,050
Our Gross Profit for 3 months was $1,751
Our quarterly operating expense was $1,586,23 (this included $230,484 in R&D and $1,355,769 in selling, general and administrative)
With the loss of two directors and their board compensation, without MMP license revenue, with continued litigation costs ....how long do we have before we run out of money?
I am not an accountant and not very familiar with financial statements. Just posting what I see and corrections are always welcome.