May. 8 at 3:58 AM
$PCSA $1.7M cash
$2M liabilities.
"We have financed our operations primarily through equity issuances, including a private offering on February 17, 2026 where we sold 86,956 shares of our common stock
to an accredited investor in a private placement transaction for
$200,000. On March 31, 2026, certain directors, officers, and employees purchased 17,796 shares of common
stock for approximately
$45,000. They also purchased 22,008 shares of common stock for approximately
$62,000 during the month ended April 30, 2026. In April 2026, we
also sold 50,330 shares of common stock under our ATM Offering for approximately
$157,000 in net proceeds. We will continue to be dependent upon equity and/or debt
financing until we are able to generate positive cash flows from its operations.
At March 31, 2026, we had cash and cash equivalents totaling
$1.7 million. Together with the
$219,000 we raised in April 2026, we believe we will need to raise additional
capital in the second quarter of 2026"
