Ann: September Quarterly Activities Report, page-121

At this price the 20 million options that expire in December will not convert.  Thus the company will not get the $2.2m from these conversions.

My review of the Sept 4C and estimate of the Dec one has

Current cash        $3.564  (per Sept 4C)
Est cash in           $0.900  (assuming that there is a delay 60 day  in cash receipts from actual invoice so we will still have decent receipts)
Est cash out         $1.873 (per Sept 4C)

Est Closing cash  $2.591m

Based on this if the company does not increase user numbers it will need to raise capital again next year.