Qtrly - and updates to previous presos, page-16

If you look at the quarterlies, the March qtr had receipts from customers of $282k. The June qtr $71k. These figures exclude ROAM-e as does the half yearly revenue figures as they haven't delivered any yet, so the cash is held on account.

As the receivables in the BS have dropped from $216k at 31/12/15 to $17.5k by 30/6/16, it's probably pretty safe to say that they have no revenue streams at all now.

Actually, that doesn't add up at all! If they had revenues of $277k for the six months (from the half yearly), opening receivables of $216k on 1/1/16 then for the receivables for the whole period would have been $493k. But they only received $353k as per the quarterlies, so the receivables at 30/6/16 should have been $140k. As they are only $18k, it looks like they have written off debts of $122k.

But then the cash flow statement in the half yearly says that they received $514k from customers. $48k of that would be from prepayments for the ROAMe, but that still leaves a $113k gap between receipts from customers in the quarterlies and the half yearly.