pretty sure you have that wrong mate... yes that is the statement regarding cash flows from financing activities, but you have not continued with the outgoings and the final figures..
you need the next statement which includes the losses...
you have missed the $9,477,000 that was deducted from the 10mil financing activities...
so hence that is why they state at the end of the period they have only got $546,000 left, they then estimate a $2,425,000 spend in the next qtr... So they are short $1,879,000 .... hence the need for a raise...
maybe you better take another look
I estimate the need for a $5 million capital raise very soon...
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