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Quarterly Activities Report: Identillect Technologies Cash Balance increases 4,704%

Jun 25, 2020 - News Bites Canadian Markets


Corporate Wire Date: 24 June 2020 16:40 EDT

The Cash Burn of operating activities was CAD116,056 in the quarter ended March 31, 2020. This corresponds to an average Cash Burn Rate of CAD38,685 per month. To support this Cash Burn Rate, the cash balance of CAD294,247 as at March 31, 2020 should be adequate till November 14, 2020.

Quarter ended 31 Mar 2020 CAD Cash and cash equivalents at beginning of period 6,000 Net cash from / (used in) oper...