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TenKay

04/01/22 12:13 PM

#109355 RE: al19 #109353

burn rate of what?

Cash?

That’s in the cashflow statement.
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NoMoDo

04/01/22 1:55 PM

#109361 RE: al19 #109353

A majority of the Company’s operating expenses (over 70%) are the result of non-cash charges such as impairment of goodwill and stock-based compensation. The actual monthly cash burn of the Company is approximately $1,000,000 per month at this time and as our core products come online, this is likely to decrease as much of this is directly related to our in house and outsourced technology team.