The debt is ALL converted flyers. Again, I don't think you understand the process of how conversion works. On April 30th and May 2nd, the debt (all of it) converted to equity.
The 10Q as I stated prior will not show how much of the equity is in the hands of the convert owner, just that on April 30th and May 5th, 700k ish of convertible debt was converted to equity.
You can do the math quite easily, I laid out how many shares it converted to in a previous post (give or take fudge error) but it works out to 45-50 million ish
An easy way to 'back of the envelope it' would simply be to look at the market cap on April 30th and to look at the market cap and determine how much is 700k relative to that? Around 1/3 ok and we have 100 mil ish outstanding so need another 33% of shares to soak this up.
It's a good way to eyeball the math, but I laid it out prior
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