Thursday, November 27, 2014 12:30:00 AM
"The Company anticipates a requirement of $1.5 million in funds over the next twelve months to 'maintain' current operation activities."
now If the product is approved
"In addition the Company anticipates spending from approximately $2 million to $7 million over that period to fund the initial deployment of the Company’s brachytherapy products should FDA clearance be obtained"
Now check it out how much the company is borrowing every month,
en January the company got debt for 210,000. en Febr. 180k, in March 240k,..................................... but As of Sep 2014 they don't have cash in hand, it means that they are spending everything.
They are spending more that 150k average every months, please read the 10Q.
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