AVD (AVD) AI Dilution Summary

The company's funding position is anchored by cash of $43,901,000 at the 2026-06-30 balance-sheet date, against estimated monthly burn of $8,339,333. Dilution here comes mainly from equity-plan awards, which make up all 1,015,566 potential new shares, equal to 3.4% of the 29,500,632 shares outstanding. These are compensation awards, not warrants.