The amount of $$$ these people paid themselves in salary and bonus in 2016 is criminal. The cash burn here is large as you point out and they clearly don't care about shareholders. Paying the CFO over $1.0 million in salary and bonus plus significant stock option grants,to someone with an MBA from Rider College is laughable. My experience with company's with 90+ employees,no approved products and large salaries and bonus's does not end well for shareholders.
To get the above figure, I took current assets less current liabilities, excluding the “deferred expenses” and “deferred revenue” lines (because those items are accounting artifacts relating to amortization of receipts and expenditures of the AMGN partnership for ADXS-NEO).
The identically calculated figure at the end of the prior quarter was $105.3M (#msg-132074180), implying an effective cash burn of $21.9M during FY3Q17. Thus, at the recent rate of cash burn, ADXS has 3-4 quarters of operating cash (assuming no financing transactions).
Note: There are unlikely to be any material near-term milestone payments from AMGN insofar as the start of the phase-1 NEO trial has been pushed back to 1H18 (#msg-zzz).
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