Actually, yes they are and no it is not speculation. Read the quarterly again. The $319k is after the 'forgiveness of debt' that they have to claim as "income". That "income" is not actually money coming in but does offset their expenses on paper.
The actual operating expenses accrued for the 9 month period is $888,901.
So, $888,901 / 9 = $98,766.78 spent per month.
That does not include financing expense and interest on their toxic debt. That is another $173,876 for the same period. Add that to their "operating expenses" and it is now a loss of $118,086 per month.