Are you reading the same cashflow statement/balance sheet that...

Are you reading the same cashflow statement/balance sheet that I'm reading? They are currently CF+. They have around $2 million in the bank, zero debt and they can utilise credit lines surely if need be. The return on each TV is paid back very fast. They now have Delhi and if they are rolling out over a few months they will be able to manage the CAPEX.

If you negate contact light from the picture (which will have material value at a later stage) their position would look much better. In their latest presentation they indicate there could be more deals, we don't have sufficient evidence to determine whether they can/can't negotiate. The fact they managed to get on board with TDI in New Delhi clearly shows that there is interest in their offering though.