Incorrect Import

I’m trying to make a cutter & stamp set. When uploading it’s only giving me a portion of the image. I’ve done PNG & JPEG, with and without a circle behind it, transparent background and white background. Everything is giving me the wrong results.
image

The letters are not connected so Cookiecad doesn’t have a shape to make a single cutter - instead it is taking the largest shape (in this case the R).

To get all the letters, draw an outline around them in your image.