Modest Leverage / Asset BaseThe company carries modest reported debt (~$0.87M) against positive equity and ~$13.6M of assets. That balance-sheet position gives measurable financing flexibility, lowering immediate bankruptcy risk and providing optionality to raise capital or reallocate assets while pursuing revenue generation.
Improving Free Cash Flow TrendA reduction in the rate of free cash outflow, even if still negative, is structurally important: sustained improvement extends runway, reduces near-term dilution risk, and signals management is beginning to moderate spending or improve efficiency ahead of revenue scale.
Cash Burn Aligns With Accounting LossesLosses that map to real cash outflows (rather than accounting timing quirks) create clearer financial visibility. Transparent cash dynamics enable more reliable runway forecasts and fundraising plans, improving management's ability to set realistic milestones toward operational breakeven.