TANDY LEATHER FACTORY INC (TLF) AI Dilution Summary

Cash was $6,437,000 at 2026-06-30 against estimated monthly burn of $1,090,333. The company's filings describe funding operations from existing cash balances and cash generated by operations rather than from a drawn equity facility. Dilution here is driven primarily by equity-plan awards, which account for the 913,000 potential new shares, equal to 11.1% of the 8,192,075 shares outstanding.