this is also interesting when it come to cash position and project cash-burn.
The company reported that on March 30, 2021 it had $23.7 million in cash. If the company burns $3.5 million per quarter, that should get it six or seven quarters of runway even without any revenues. Any revenue from NREs will get it even further. There are now 340 million primary shares outstanding and 404 million fully diluted, as well as 92.9 million warrants and options outstanding that are in the money, which could raise an additional $41.3 million dollars. The company expects that at the least the $0.52 warrants will bring in an additional $6.5 million by November 2nd . It believes that it needs $30 million in cash to get through the next two years.