Could you share the burn rate for 2023?
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Founder & CEO
Daniel, Thanks so much for the question. Last year, as I have mentioned, was a pretty challenging year where we made major changes to our business throughout the year to get our business to a much healthier, sustainable place.  Below, I have laid out the total cash burn and average monthly burn by quarter. We dropped from nearly $200K monthly burn at the beginning of the year to less than $50K by year end.  Q1 - Total Burn: $591,227 - $197,075 monthly burn Q2 - Total Burn: $379,598 - $126,532 monthly burn Q3 - Total Burn: $139,034 - $46,344 monthly burn Q4 - Total Burn: $143,038 - $47,579 monthly burn I should also note some of the burn that occurred near year end was actually paying for items that occurred earlier in the year that we held off on paying until we had a balance sheet to support so we could have averaged a burn closer to $30K at year end if we weren't paying off old professional service charges for things like accounting and legal. We also continued to incur cost related to severance into Q3.  Our lowest month was September at $27,920 and we are headed to an average of about $35K in monthly burn this year. We aim to reduce this another $10K in the next 3-5 months with some pre-planned overhead reduction plans. Note, this does not include raisepapers financials, a subsidiary of KingsCrowd Inc. though for most of the year raisepapers actually ran at break even and even profited in a couple of months so its burn is very modest outside of a handful of intentional capital expenditures we made on the R&D front. I don't have as easy access to these numbers as we have yet to integrate accounting systems and it takes time for me to get these numbers from the third party CPA.  Hopefully, this helps give you a sense of where we came from and where we are headed.  Note: These numbers are pulled straight from our accounting software and are not audited. Additionally, this is on a cash basis, not accrual based accounting, which can affect these numbers when our CPA reports them.  Lastly, this does not include stock comp, which is a non-cash expense but shows up on income statements as an expense. I don't count it as burn because we don't outlay any money for stock comp, but for accounting purposes in our future financial statements you will see stock comp as a line item.  Best, Chris