It really depends on how quickly they can turn the company around. If they lose 2 million for each of the next 2 quarters then they will eat thru the 5 million, and then will need to do another offering in 6 months. If they only lose 1 million a quarter they could go a year. If they can turn profitable shortly they might not have to do another offering.
The stock dividend just seems silly. It is in a form just a small stock split. Last quarter I just thought it showed management had faith that the company was growing at a fast pace and was trying to increase the small float. This quarter with the poor earnings and the stock offering the stock dividend makes no sense and IMO shows poor decision making by management.