Who knows how they did the accounting. More likely it's money owed to Theracour, since the "Administrative Costs" have presumably been paid. I doubt anyone is working for free on the hope of delayed salary and benefits.
It is only "$2.5M per quarter" for the last quarter. It was significantly greater for the previous quarter during which Diwan was in control. We don't know what NNVC has spent during the last four months. There's no reason to assume its this lower amount over the $1.2M/month they spent during the previous quarter, or even more than that.
" Yes, but I assume that most of that $881,298 in current liabilities was realized as actual expenses the next quarter "
That's what current liabilities mean, to my understanding. Expenses that are to be paid before the end of the next fiscal year. That is money that has already been spent, hence it must be subtracted from "cash and cash equivalents" to know "available cash" they have.
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