500k has been drawn. That's not "very deep". I respect a company who has the gall to raise debt as opposed to continually dilute to raise cash. Dilution shouldn't total more than 2 or 3M for the year. Worse case scenario, we end up with 89M in O/S by the time the quarter is over.
Here are my projected figures based on current information. As you can see, the company is extremely close to profitability. WE could even get a nice little surprise when Q3 report comes out.