Ann: December 2016 Quarterly Activities Report, page-35

You actually dont know that.

Lets say i have a business. Each year i make $1,000 dollars in cash.

Next financial year i make the same amount of $1,000 but trade receivables increases by $500.

Does that mean cashflow is 1,000-500=500

F**k no.. That makes no sense.

The only time that makes sense is if our cashflow was $1,000 and $500 of that was made up of receipts.. then you are right cash flow is only $500.

But as it mentioned before...."After taking into account positive cash flows from the Kipoi operations, cashflows for the quarter were as follows:"

So what it is saying is... in adittion to the $1,000 made by the business the following occurred:

1,000+ 500, make sense?

The point is that $3.4mil will be cash inflow next reporting period in addition to what was made from Kipoi Operations.