Do the maths1 May 2020 18:05
A look at the annual report and accounts shows the following:
Cash burn 2019 USD 1.5 m.
Year end cash at bank 500,000. Raised in January, 650,000. Total 1,150,000.
Bank loan 2 million fully drawn down.
Clearly, then, substantial extra finance will be needed well before year end.