no, I would suggest it is inferred some of the raised money will pay some of the payables and some for trial

only thing they note is Saudi deal is still at least on life support in that at least it is still mentioned even if not happening:

We have entered into a definitive stock purchase agreement for a private placement of US$10 million of equity units. The private placement is subject to satisfaction of a foreign government’s investment review, customary closing conditions for a transaction of this nature and receipt of all necessary regulatory and stock exchange approvals, and is anticipated to close in the near future. There can be no assurance that the private placement will be completed.