Hi,
The way I read the report is that they have the proven recipe , there are orders in backlog.
But it seems they are worried about enough production capacity and cost of production at this point,
hence the need for financing. How they do the non dilutive financing is another question.
I always said to my wife that if this company was able to stay alive long enough, it will be very profitable. It does not matter to me if it takes an extra 6 months or a year to achieve that.