I can name 20 companies right now on OTC running on less money than QSEP and their stocks trade on heavy volume.
QSEP are moving from R&D to commercialization and it's VERY common for these types of companies to not have a lot of cash or live hand to mouth. The fact QSEP had millions in the bank at one point speaks to the credibility of the technology and investor confidence.
The stock is .15. The financial story is not the story here. The story is the technology, and the fact that the largest pipeline company in N. American is adopting the company's product (the AOT).