I believe you about the movie business and the math but the bottom line is, virtually nobody has heard boo! about this film and nobody has gone to see it.Nor are they likely to.
Which is the case for over half of movies made, the art house movie business is actually larger by volume than the block buster business. Of course the entire art house business combines in a year to not even come close to the revenue of one block buster, but it’s out there, movies whose makers will consider themselves very fortunate if the final gross of their movie actually winds up with 7 digits before the period. As long as they pay for themselves they really aren’t bombs, in the end it’s always all about profitability, if you spend 100 grand making a movie that brings in 400 grand you had yourself a good day.