Heads, that has been pointed out before.
But the people who bother to factor in financials when evaluating companies like this know that despite the very large (maybe $300M ) non-cash loss, it has zero effect on the company going forward. It is effectively a marker for the warrant/option dilution, which is already factored in when we say 1.4B fully diluted.
The significant financial numbers would be increased spending on Sawston and Flaskworks. Those are totally unknown, and would affect how long they go to the next financing. Even then, numbers matter little IF they can produce TLD.