As of Sept 30 $526K in assets $400K in liabilities with a burn rate of about $367,000 a quarter as of that last 10Q for the Q ending Sept 30 filed in November with the SEC. That $367 quarterly burn rate was the lowest last year possibly because they did not have much licensing in the quarter and therefore did no own the lawyers their cut. Unless EDIG got some good licenses signed it seems they must be running low on cash. They do have a "going concern" statement in their last 10Q which means they have less than 12 months cash left. It looks to me like a lot less. From the last 10Q:
"Going Concern/ Liquidity
The Company has incurred significant losses and negative cash flow from operations and has an accumulated deficit of $83,195,725 at September 30, 2016. Other than cash on hand, the Company has no other sources of financing currently available as of September 30, 2016. The Company may incur additional losses in the future until licensing or other revenues are sufficient to sustain continued profitability. Until the Company can demonstrate sustained profitability, its ability to continue as a going concern is in doubt and may be dependent upon obtaining additional financing in the future. There is no assurance that the Company will be successful in generating or raising funds, if necessary, to sustain its operations for twelve months or beyond. Should the Company be unable to generate funds or obtain required financing, it may have to curtail operations, which may have a material adverse effect on its financial position and results of operations. Uncertainty as to the outcome of these factors raises substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not give effect to any adjustments that would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying consolidated financial statements.
The Company has not identified any trends or any known demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in a material increase or decrease in liquidity. The termination of eVU operations in the second quarter of fiscal 2016 and the loss of eVU revenues did not have a material impact on liquidity, results of operations or financial condition of the Company."
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