this morning. Over the last 2 qtrs the total of cash used by company is less than 200k combined-which is impressive compared to meissner and the rest. 10k further states that cash on hand is sufficient for 13, AND they do not plan to draw down any of their facility which they have nearly a million dollars of funding available.
In addition, the .70 warrants, should the stock price exceed that figure, will bring additional funds to the balance sheet commensurate with the amount of shares exercised.
There was some cash used this previous qtr to build inventories for the busier Summer months and that is already baked into the fugures in p. 1.