Great. I'm glad u understand how this works. Cash flow was due to milestone payments from Epic. Not due to profits. So without milestone payments from Epic and increasing revenues, and increasing R&D expenses and no profits how does ELTP keep the lights on.
Simple example. U live on your own and your parents give u money to live off of. U bills are 2000 a month. Your parent have give u 1500 a month. Your job pays 500 a month and u just got a raise to 750 a month. So your revenue looks good compared to your cost of living. Well parents pull the plug and u have to take care of your self. U have saved 7000 dollars but your cost are fixed at 2000 and u only bring home 750 a month. That math ends in u being out on the street very shortly because u have revenue but no profit.
U can be cash flow positive and it not be from revenues generated through sales. I.E. epic giving us money for milestone payments. Now thats over. That 12 million in cash flow won't last 15 month. The generics can't cover the cost of R&D and company expenses if we don't garner profit from or revenue. As I mentioned in a previous post with SequestOX not approved toxic financing is COMING. That's accounting 201.
WHEN I was in business and I was low on cash I went to BANKS to get LOANS, these GUYS love loans , and I was NEVER turned down Because I had the ABILITY to Pay back, There are many ways to skin a cat , if the need is there, a GOOD Businessman Will find a way to accumulate $$$$
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