So $860k cash plus $1.25m in funding , with Q3 - already a third the way through - expected to eat up $1m of those finances.
Despite a 40% reduction in the workforce, staff costs for Q3 expected to be just over $600k - still way too high for a company of this nature.
Bar a 'Hail Mary' contract win, or perhaps some sort of sugar daddy financing arrangement, you'd have to think the writing is on the wall for at least further, significant dilution.
