Cardinal Ethanol (CRDE)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	45.30 mm	45.30 mm	45.30 mm	45.30 mm	45.30 mm	45.30 mm
Cash burn (monthly)	5.41 mm	471.31 k	(no burn)	(no burn)	4.45 mm	(no burn)
Cash used (since last report)	24.29 mm	2.11 mm	n/a	n/a	19.95 mm	n/a
Cash remaining	21.02 mm	43.19 mm	n/a	n/a	25.35 mm	n/a
Runway (months of cash)	3.9	91.6	n/a	n/a	5.7	n/a

Financial data from company earnings reports.

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Oct 24	Lewis M Roch III	Limited Liability Company Membership Units	Buy	Acquire P	Yes	No	17500	100	1.75 mm	600
1 Oct 24	Baker Robert Nathan	Limited Liability Company Membership Units	Buy	Acquire P	Yes	No	17113	1	17.11 k	1,986
1 Oct 24	Baker Robert Nathan	Limited Liability Company Membership Units	Buy	Acquire P	Yes	No	17000	1	17.00 k	1,985
1 Oct 24	Baker Robert Nathan	Limited Liability Company Membership Units	Buy	Acquire P	Yes	No	17000	10	170.00 k	1,984
1 Oct 24	Baker Robert Nathan	Limited Liability Company Membership Units	Buy	Acquire P	Yes	No	17000	13	221.00 k	1,974
1 Oct 24	Baker Robert Nathan	Limited Liability Company Membership Units	Buy	Acquire P	Yes	No	17000	5	85.00 k	1,961
1 Oct 24	Baker Robert Nathan	Limited Liability Company Membership Units	Buy	Acquire P	Yes	No	17000	5	85.00 k	1,956
1 Oct 24	Baker Robert Nathan	Limited Liability Company Membership Units	Buy	Acquire P	Yes	No	17200	5	86.00 k	1,951
1 Oct 24	Thomas C Chronister	Limited Liability Company Membership Units	Buy	Acquire P	No	No	17400	4	69.60 k	104
1 Sep 24	David Matthew Dersch JR	Limited Liability Company Membership Units	Gift	Acquire G	Yes	No	0	3	0.00	655

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.