As of June 30 they had $579k in cash and $13k in receivables. They also had over $1 MILLION in accounts payable (plus lots of other liabilities)
From the 10-Q
Management estimates that the current funds on hand will be sufficient to continue operations through the next six months.
And in the subsequent events section
Subsequent to June 30, 2022, the Company issued notes payable aggregating $275,000. The notes bear interest at a rate starting from 4% to 57% per annum, each agreement secured by substantially all of the tangible and intangible assets of the Company, and maturing starting January 2024 through July 2024.
For god's sake I hope that interest rate is a typo...4% to 5.7% maybe? Because 57% is a Tony Soprano kind of rate.
So adding $275k to their cash position (they likely got less because that's the way these financing work) they now have less than $1 million in cash and A/R. Given that they are spending $5 million every 6 months on SG&A alone, how the f*ck are they going to make $1 million last 6 months. By issuing IOUs with Mark's face on them?