Plus over $600k in receivables which are likely good as cash. SRED tax credits for R&D work and IRAP payments which are always made in arrears after the money is spent. ZEN has a grant of at least $350k from IRAP for the SGS metalurgy and inhouse product development work. This type of grant can also be amended up to $500k. The company must contribute between 25% and 50% of the total project cost. So likely ZEN actually has about $2.5 million in real cash available.