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Monday, June 29, 2015

NAVB Sustainability 6/29/15

How long can NAVB lasts at current cash levels?

This is my estimation on FUTURE sustainability. Note the positive adjustment for loan secured after 1st qtr 2015

As of Q1 2015, I guesstimate 13.4 qtrs in light of the loan

Q1 end 3/31/2014Q2 end 6/30/2014Q3 ended 9/30/2014Q4 end 12/31/14Q1 end 3/31/15
Cash Burn Rate (per qtr)$9,172,393$8,420,032$6,708,412$4,825,912$4,109,202
Positive Adjustments$0$0$0$0$50,000,000
Negative Adjustments$0$0$0$0$0
Sustainability (# qtrs)2.82.11.51.113.4


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